'Drake is about to get the biggest bag in the history of the music business,' said United Masters' SteveStoute during a conversation with rapper russdiemon yesterday about the power of the independent artist.
, recently completed his deal at Columbia Records and is celebrating his newfound freedom as an independent artist.
During the panel, Russ laid down the blueprint of what might transpire if Drake, who is signed to Cash Money via Universal Music Group-owned Republic Records, went independent. “You think that if Drake right now, completely independent … if Drake posts a picture on the ‘Gram of his new album, link in bio — f–k a link in bio, “new album out” — and he was fully independent, Drake will make $10 million a week for f–ing 60 weeks.
Stoute then interjected: “I said this before, Drake is about to come out in the next six months, Drake is about to get the biggest bag in the history of the music business by far. Both A and B, they don’t want that to happen. Because the day that happens, they might as well close the business down.”Stoute seconded: “If Drake goes independent, the music business is over. If Drake goes independent, the music business is done.
Russ then did the math out loud: “Drake uploads ‘God’s Plan’ on a digital distributor so whatever money it is: less than $10 dollars, right? Fine, pay for the beat — $10K, $20K, $30K, $40k, whatever the f–k it is — and to get mixed: four racks. So you’re all, $50K tops. That song, you owning it forever and getting paid weekly on it, you’re making a million dollars a week off that song. It’s different. If Drake goes independent, this whole industry gets turned upside down.
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