Chance the Rapper is reportedly turning down some very generous record label offers after he achieved a historic win at the 2017 Grammy Awards.
According to The New York Post, the 23-year-old has turned down offers worth up to $10 million, after he beat Drake and Kanye West to win the Grammy Award for Best Rap Album recently, reports Independent.co.uk.
"Every label is still trying to get him. He's making too much on his own... He was turning down $5 million advances before, and now it's like $10 million," said a source.
In an interview with Vanity Fair, Chance the Rapper explained that he made his money from "touring and selling merchandise... and I honestly believe if you put effort into something and you execute properly, you don't neccessarily have to go through the traditional ways".
--IANS
nv/rb
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app