T.I. Record Label Shopping: Rapper Wants $75 Million to Sign
T.I.'s recently released album Trouble Man: Heavy Is the Head may be the last he releases through Atlantic Records. TMZ reports that TIP's ten-year deal with Atlantic ended last month, and that he's already shopping around for a new one.
TIP's proposal is centered around three albums, corporate endorsement deals and the exclusive signing of all Grand Hustle artists. The price tag? A whopping $75 million.
But Sony may be in over its head. The beleaguered electronics giant just sold their iconic Manhattan building for a little over a billion dollars, sending it stock soaring. Still, that could leave them with money on the table for something like a T.I. acquisition or be a sign that things are just that bad at the famed record label.
T.I. seems pretty serious about his offer from Interscope -- he was spotted at West Hollywood sushi haven Katana with Dr. Dre, potentially discussing business-- but is also set to meet with Universal this week.
Whatever T.I. decides to do, it seems like he'll net himself a pretty penny. One can't help but think of the $80 million Mariah Carey stood to earn from signing with Virgin Records back in 2000, and how she failed to deliver the goods. Hopefully T.I. will fare better.
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