You might feel Rema said all this, but that’s not true. We just want to use this opportunity to sensitize the fans and upcoming artists about some types of record deals our artists sign.
When you sign a record deal, the record label gives you a huge amount of money. It’s just like an investment loan from a bank. Before you take the money, they have to know what you will be doing with the money.
Don’t think Mavins will give you 1 billion Naira and you go and buy a house or open a business. NO… They give you money and tell you the kind of things you have to do with it.
The record labels don’t want you to open a in because they feel it’s going to take your attention from your music and you will start slowing down on producing more songs.
They can tell you that you aren’t allowed to have a girlfriend because she’s going to distract you from your career and before you know it, you stop thinking about music and focus on posting your boyfriend back to back like Libianca and her Ghanaian boy.
They don’t want you to use your money for anything like real estate because they gave you that money with conditions.
They want you to live an expensive lifestyle even if you are broke because that helps in your branding, which makes you look professional. If you want to buy a car of 300 million, they will encourage you because they know every blogger will post it and you will be trending.
Most artists sign their deals young so they don’t read the conditions well. When they try to buy some things and the record label refuses while showing them the terms of their contract, they will be surprised.
But that is how the industry works. When you are signed to a label, you follow instructions because a record deal is like an investment loan from a bank
