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.
Watch T.I.'s "Go Get It" Video