Lil Pump is back where he started. The “Gucci Gang” rapper has reportedly inked a deal with Warner Bros. Records, ending a bidding war for the teen sensation.
Pump became a free agent in January when his original deal with Warner Bros. was voided because he’s underage and it wasn’t validated by a court. The voiding made him one of the most sought-after artists with DJ Khaled and Gucci Mane expressing interest in signing him.
https://www.youtube.com/watch?v=QjRdZZWNrjQ
According to TMZ, Pump will received an $8 million advance as part of his new deal. The seven-year contract reportedly begins at $9000 in its first year before moving up to $12,000 in the second. Pump will earn $15,000 each year for the rest of the contract’s duration. He’ll also receive 14% of his royalties in the U.S.
UPDATE: A rep for Warner Bros. told HipHopDX the label’s not commenting on the report at this time.
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That 8 milli is gonna be gone by 2019
Spent all on hair dye colors
I was walking by a park the other day and I could hear a young boy reciting all of the lyrics to Gucci Gang to his friend. Must have been 8 or 9… this generation is fucked!!
I am pretty sure you just typed all the lyrics to the song xD
Warner Bros. has always been known for their cartoon characters.. That’s all this clown is….
Please don’t compare Shaggy, Tom, Willma, Lola Bunny or any of those legendary characters to this mediocre boi
Lmao.. Respect!
Respeck da classiks fam
How do these rappers now a days even look themselves in the mirror?
mirrors work the same for everyone
advance… not a bonus…
until we get that 8 mil back, we own you
What the hell kinda deal is this
Biggest L in history automatic $8million loss for the record company dude will not average 200k+ per album he will do 35k to 65k per album so 5 albums would = like 750k to 1mill for the record company I see this a dumb as F**k S M H
he gonna be pimped out to the hollywood dirtbags bruh
Lil dump in the toilet
Wow his team let him sign a horrible deal. An advance you have to pay back. So he owes $8M…..woah. Ok then 9-15k a year, that’s 1/3 of minimum wage a year. Then only 14% of ‘royalties’ which can be manipulated by the company. And only US. Believe it or not more of this garbage sells across seas. So all in all it’s a horrible deal from a young kid who probably made the most productive song he could with guccigang. Dropped out of high school so he’ll have to go back to get his education. Sad all around
royalty payback comes from earnings too. this guy got screwed
They going to work him like a slave to recoup that !!! lol
I thought this guy was dead?