In a shocking revelation, Birdman has opened up about a little-known aspect of the music business, particularly regarding Drake’s earnings over the past decade. According to Birdman, for nearly 10 years, no one except Drake made any money from his music because all revenue was locked in escrow due to ongoing legal disputes with Universal Records.
Rather than taking his share of the funds, Birdman made the strategic decision to let the money sit, prioritizing the relationships that helped build their successful empire. He stated, “Whatever Drake wanted — 30, 40, 50 million — he got it,” emphasizing the loyalty he extended not only to Drake but also to fellow artists Nicki Minaj and Lil Wayne.
Birdman explained that although the money was not accessible during the legal disputes, it was not lost. Escrow accounts are designed to hold funds securely until legal matters are resolved, a practice common in various industries, including real estate and private equity. This approach allowed Birdman to safeguard their wealth while maintaining strong relationships.
As the situation eventually resolved, Birdman confirmed that the trio—Drake, Nicki, and Wayne—generated over $2 billion in revenue, much of which stemmed from deals he structured himself. This moment highlights several key lessons in the music industry:
- The effectiveness of escrow as a legal and financial protective measure.
- The importance of relationship capital over immediate financial gain.
- The benefits of taking a long-term approach to building generational wealth.
Birdman’s mindset reflects a focus on ownership, control, and legacy rather than quick cash, showcasing the complexities and strategic thinking required in the music business.
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