“GUCCI GANG” ARTIST CONTRACT HAS MAJOR CHANGES…
Lil Pump who is only 17-years-old has a record contract with Warner Bros. He is known for song “Gucci Gang”.
The young rapper was given a $345,000 advance for his first debut album, not to mention 15% in royalties.
After the recent achievement of his record, the star is expected to produce another album very soon. Which is expected to accompany another $200k to $400k advance.
In order for this contract to stick it will be requested of the artist that each album have at least 14 songs. Advances will increase and will be around $500k for his fifth album. Moreover, the rapper will receive a cut of the stock of al merchandise sold in chain stores.