News: Chief Keef's Manager Addresses Leaked $6 Mil Interscope Contract
Friday, Feb 1, 2013 2:00PM
Incarcerated rapper Chief Keef's manager Rovan "Dro" Manuel has stepped up to speak out on his client's Interscope Records contract details leaking last month and what lessons the Chicago hip-hop artist will learn from serving time in juvenile detention.
Asked if it is true Interscope can release him if his Finally Rich debut does not sell at least 250,000 copies, Dro confirmed those leaked details hold weight.
"I'd imagine they would have some kind of clause like that, but with us doing what we did without promotions, videos, nothing, we've already sold 170, 180 [thousand copies] and we have until December," Dro explained in an interview. "So, I'm not worried about that, no one's worried about that. We're gonna beat that with our eyes closed without doing anything." (Best of Both Offices)
The rapper's manager also gave his thoughts on how Keef will have changed upon finsihing up a 60-day juvenile detention sentence.
"I think he [will]. I got a message from him that he's had a wake-up call. This is a wake-up call for him. It wasn't even his fault that it happened, but it happened. I think he's gonna come out a different person. I think he's gonna come out with some new music, a new attitude...he's gonna get out and do some shows, and hopefully go up the charts. And shoot the video for "Hate Being Sober."" (Best of Both Offices)
Specifics from Keef's Interscope Records contract heated up the Internet last month.
Chief Keef -- who is currently locked up in juvenile detention for 60 days -- also received at least $300,000 to cover the cost of recording "Finally Rich," which sold 50,000 copies during the first week it was released in December. Chief Keef's deals all depend on album sales. If "Finally Rich" doesn't sell at least 250,000 albums by December 2013, Interscope has the right to pull the plug on subsequent album releases -- two albums and a compilation of hits, according to the deal. In a separate three-year deal to establish Chief Keef's record label "Glory Boyz Entertainment" -- GBE for short -- Interscope Records forked over another $440,000 advance. That agreement calls for both Chief Keef and his manager, Rovan Manuel, to each be paid $180,000. The deal calls for 15-percent of Chief Keef's advance to be put in his trust fund, according to court papers. (DNA Info)
The Chi-Town rapper got hit with juvenile detention around mid-January over a probation violation.
It's official: 17-year-old Chicago rapper Chief Keef is heading to jail over violating the terms of his parole. According to DNAinfo Chicago, Keef -- whose real name is Keith Cozart -- was sentenced to 60 days of juvenile detentionfor his probation violation in St. Charles, Ill., on Wednesday. Idris "Peeda Pan" Abdul Wahid, part of Cozart's management team, told Complex that, "overall, I think it's the best decision to satisfy everybody." (Huffington Post)
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