Music Biz: Lil Pump Reportedly Signs New Record Deal With Warner Bros. $8 Mill
Lil Pump is back where he started. The “Gucci Gang” rapper has reportedly inked a deal with Warner Bros. Records, ending a bidding war for the teen sensation.
Pump became a free agent in January when his original deal with Warner Bros. was voided because he’s underage and it wasn’t validated by a court. The voiding made him one of the most sought-after artists with DJ Khaled and Gucci Mane expressing interest in signing him.
According to TMZ, Pump will received an $8 million advance as part of his new deal. The seven-year contract reportedly begins at $9000 in its first year before moving up to $12,000 in the second. Pump will earn $15,000 each year for the rest of the contract’s duration. He’ll also receive 14% of his royalties in the U.S.
