Steve Stoute Says If Drake Goes Independent “The Music Business Is Over”

Written by on July 19, 2020

Music business veteran Steve Stoute says Drake may flip the whole music enterprise on its head if he goes unbiased. In a dialogue with Russ for a panel on the digital SelectCon convention, Stoute stated he’s “about to get the most important bag within the historical past.”

Drake, Label, IndependentAmy Sussman / Getty Photographs

“I stated this earlier than, Drake is about to come back out within the subsequent six months, Drake is about to get the most important bag within the historical past of the music enterprise by far. Each A and B, they don’t need that to occur. As a result of the day that occurs, they may as properly shut the enterprise down.

“If Drake goes unbiased, the music enterprise is over. If Drake goes unbiased, the music enterprise is completed.”

Drake is at present signed to Money Cash through Common Music Group-owned Republic Data.

“Drake uploads ‘God’s Plan’ on a digital distributor so no matter cash it’s: lower than $10 {dollars}, proper? Superb, pay for the beat — $10Okay, $20Okay, $30Okay, $40ok, regardless of the f–ok it’s — and to get blended: 4 racks. So that you’re all, $50Okay tops. That track, you proudly owning it endlessly and getting paid weekly on it, you’re making 1,000,000 {dollars} per week off that track. It’s completely different. If Drake goes unbiased, this complete business will get turned the wrong way up. That’s why I’m unbiased, placing out music independently. I’ma f–ok this complete business up.”

[Via]

Supply: HotNewHipHop

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