Lil Pump Signs new Record Deal with Warner Bros worth $8 Million
According to reports reaching us from Billboards, the rapper was said to have signed a new deal worth $8 million with Warner Bros. The Gucci Gang Crooner “Pump” was only 16 when he signed his first contract with Warner which was termed void as he was a minor at the time and the contract never got certified by court. The rapper then achieved his smash single ‘Gucci Gang’ with the label last year which raised the stakes to another level.
TMZ reports that Pump will be getting 14% royalties from his music in the U.S. but there are provisions that give him up to 66% in royalties, depending on the format of the sale. Back in February, Pump’s manager had announced that the young artist had signed a deal with Gucci Mane’s 1017 Eskimo Records but it appears like that information was inaccurate.