Burna Boy receives $5 million advance from record label – Rapper Phenom
Nigerian hip-hop artiste, Phenom, has revealed that he received a $5 million advance from Grammy Award-winning singer Burna Boy before signing a recording contract with American record label Atlantic Records in 2017.
He alleged that the payments were facilitated by Nigerian-American music executive Matthew ‘Baus’ Adesuyan, owner of Atlantic Records’ Bad Habit label, which is signed to Burna Boy.
The “Murder Dem” singer revealed this on the latest episode of The Yarns podcast.
He also said he would return to rap if a record label offered him a $1 million advance.
He said, “If you really want someone like me to rap, give me a million dollars. Lock me in a studio.” The people who rap in America, they (music executives) Even before Burna Boy returned to the music world, the man who gave him the connection with Atlantic Records (Matthew “Bow” Adesyan) gave them a big contract upon his return. gave him (Burna Boy) $5 million.”
Phenom said passionate rappers like Odumoduruvuk will soon quit rapping to sing because hip-hop is no longer profitable.
“If someone like Odumodublvck received a $100,000 advance from a label, he would have to stop rapping and start singing and get into TikTok to get his money back to the label,” he said.
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“If someone like Odumodublvck received a $100,000 advance from a label, he would have to stop rapping, start singing, and get on Tiktok in order to pay the label back.”
– Penom pic.twitter.com/x8rEyMA7ho
— BASITO (@itzbasito) November 27, 2023
Source: dailypost.ng