Logic Renews Def Jam Contract For A Lucrative $30 Million
Logic secured a hefty bag.
Logic recently released Bobby Tarantino 2, and the project sounds vastly different from his previous efforts. Every record on the second installment of Bobby Tarantino is all about having a good time. Now, we know why Logic is so damn happy. Def Jam renewed the rapper's contract by writing him $30 million check.
During an interview 'Beats 1 Radio' Zane Lowe, Logic revealed the whopping sum of his new deal.
"Well, for me the life changing money...when I first signed my deal it was for like...the advance for $200,000. So going from section 8, food stamps and welfare to $200,000 was life changing," Logic said. "But life changing that I'm talking about is the $30 million deal I just signed."
Logic appeared on the national scene in 2013 with the release of his his mixtape Young Sinatra: Welcome to Forever. It was Young Sinatra that resulted in Logic's signing with the iconic Def Jam label. A year later, the rapper's debut album, Under Pressure, was released and peaked at No. 11 the Billboard charts.
In related news, Childish Gambino inked a new deal with RCA records. Also, rapper Lil Pump signed new deal with Warner Bros. Records worth $8 million. And back in November, newcomer Lil Xan inked a deal with Columbia Records.
Watch the 'Beats 1' interview above.