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Friday, May 10, 2013

Is #TI Worth $200 Million?

Rapper TI and his long time recording home Atlantic Records have opted to go their separate ways after 10 years together. The contract expired around the same time former Warner Music Group (Atlantic parent) head Lyor Cohen stepped down. Now that he's a free agent, T.I is in gambling mode. See he isn't rushing to another major label to record and release a new album, instead he and his Grand Hustle label are "Mr P-ing it" and betting big that the industry will come running. The rapper/businessman says he is doing the independent thing so he can prove to the industry that he and his company are worth $200 million and anyone coming to the table, should come to the table with nothing less than what he is out to prove he is worth.
Let it be known: I am a free agent. I'm operating as an independent label. I do not have corporate sponsors. I don't have no corporate backing.  I don't have no major distribution. We Master-P-ing this shit right now. Everything we putting out we paying for it. It's the grind. It's put me back to where I was when my first record [2001's "I'm Serious"] didn't sell, when I got dropped [from Arista] and I had to prove that I was worthy of a record deal. That's what I'm doing right now. Back then I was proving I was worth $2 million. Right now, I'm proving I'm worth $200 million.
Billboard
 
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