Frank Ocean is entitled to 70% of revenue, rather than the 14% he would've gotten on a major label
Frank Ocean is no longer signed to UMG, after Endless satisfied his contractual obligations to the label.
By self-releasing Blonde, Frank Ocean is entitled to 70% of revenue from sales and streaming, rather than the 14% he would've gotten if he were still signed to UMG.
This news comes out after it was revealed in a leaked memo that UMG has banned its artists from pursuing exclusive deals.
Simon Cowell takes roughly 50% of X Factor acts paychecks for a limited amount of time and then tanks their careers before they get to that point
Edited at 2016-08-24 02:50 pm (UTC)
Ha UMG is mad they let him go or couldn't find middle ground.
This makes UMG look stupid --> “Shame on you Frank, and shame on everybody else who takes money from Apple and screws fans.
Because at the end of the day we fans want to make sure the artist is getting his/hers IN FULL.
Edited at 2016-08-24 02:20 pm (UTC)
but otherwise ia
Edited at 2016-08-24 03:21 pm (UTC)
there are so many insanely talented artists i come across on youtube, soundcloud that no one will ever get to hear.
The Frank Ocean jokes were good fun and worth it.