In a recent article in the LA Times, the details of Drake’s lucrative record deal were released. The deal could shape the industry going forward for many upcoming independent artists.

Under the unusually lucrative agreement he struck with Aspire/Young Money/Cash Money Records distributed through Universal, Drake received a $2-million advance. He retains the publishing rights to his songs and cedes only around 25% of his music sales revenues to the label as a “distribution fee,” his managers said. By contrast, the overwhelming majority of new artists sign financially restrictive “360 deals” that sap their touring and merchandise income and offer much more restrictive profit-sharing.

Previously: Drake interview with ABC News

Keri Keri Keri…smh

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Got damn…

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Artistic…

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The movie is a remake of the horror flick “Dr Jekyll and Hyde.”

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*shots fired* at Soulja Boy?

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Drake just signed a $4 million dollar record deal…got damn.

Previously: Drake interview on Sirius Satellite Radio

Nice Drake interview with DJ Whoo Kid…

Previously: Drake interview on MTV News