Behind the Scenes: Rotimi Reveals $300,000 Deal with 50 Cent
Written by MAX FM on October 22, 2024
Nigerian-American actor and singer Rotimi, known for Power, recently discussed his record deal with rapper 50 Cent, whose real name is Curtis Jackson.
In an interview with DJ Vlad on October 21, 2024, Rotimi revealed that 50 Cent earned $300,000 from their collaboration.
Rotimi explained the debt he owed 50 Cent: “I owed him $300,000 because I signed with him.”
He explained how record deals work: “When you sign with a label, they fund your projects as a loan.” This means artists often start in debt until they recoup costs through sales and royalties.
After Rotimi left the contract, he became an independent artist. However, 50 Cent set specific repayment terms. “He let me out of my deal but said, ‘Just pay me back in $300,000 worth of mechanicals,’ Rotimi said.
Mechanical royalties are the money earned from reproducing music, including physical sales and streaming. As Rotimi’s music generated revenue, he would pay 50 Cent a portion until he fully repaid the debt.
Rotimi also shared a funny story about a call from 50 Cent after his EP, ‘Walk With Me’, topped the R&B charts for four days. “He called me and said, ‘Listen, I just put out an EP called “Walk With Me”… I see you winning,’” Rotimi recalled. Then he jokingly added, “I’m gonna say you owe me $300,000.” and that I want to punch you in the face.’”
This humorous exchange highlights the playful yet strategic relationship they have, blending business with a bit of banter.
Rotimi’s revelations provide insight into the financial dynamics of the music industry. They show how artists navigate the complexities of record deals and repayment structures.
The story highlights 50 Cent’s business acumen and his ability to capitalize on his artists’ successes while maintaining a light-hearted relationship.
Overall, this candid discussion sheds light on the challenges and realities faced by many artists in the music industry today.
