Young Thug Reportedly Signed To Atlantic Records For $15K In 2013
In the article, Zeichner discovers that Thug received a $15,000 advance for signing to Atlantic’s Artist Partners Group imprint after signing with Gucci Mane’s 1017 imprint, which was also under Atlantic at one point (it’s now unclear whether 1017 is still an Atlantic imprint or not). It’s slightly confusing, but the point is that Thug was low-balled and now faces something akin to label limbo. One anonymous source claims he’d be surprised if the deal was “more than $50,000 total.” Sounds low compared to the million dollar deals that internet sensations Chief Keef and Trinidad James received.
At one point, Atlantic was gearing up to release Thug’s album #HiTunes in January, and with the success of ‘Stoner,’ Thug was in position to renegotiate his contract. But as Kevin Gates did with Atlantic, for whatever reason, APG stopped spending money on Thug and he cut off contact with the label. That’s where they stand to this day.
Zeichner also discovered that the Atlanta rapper has jumped from one manager to another in the last few months, and is currently represented by Birdman under Rich Gang management. The article also mentions that Lyor Cohen and his newly formed 300 label are pursuing a bid to sign Young Thug, which might work considering the label is distributed by Atlantic. — Max Weinstein