Videos by According2HipHop
According to HYPEBEAST Lil Pump has signed a new deal with Warner Bros that will give him an $8 Million advance.
According to the new deal, Warner Bros. Records has agreed to pay Pump an $8 million advance. After that, Pump will allegedly receive $9,000 in the first year, $12,000 the following year, and $15,000 for the third through seventh contract years. As for royalties, Pump will earn 14 percent in the United States and also have “provisions that give him up to 66 percent in royalties depending on the format.”
Lil Pump’s initial contract with Warner Bros was voided due to Pump being underage at the time (16 years old) and was never validated by the court.
Lil Pump took to Instagram recently to say that he has an $8 million one album deal and to celebrate. We will see where this goes.
https://www.instagram.com/p/BgQDR1ThsNS/?hl=en&taken-by=akadmiks
https://www.instagram.com/p/BgRtGqdFVDE/?hl=en&taken-by=lilpump
