Chance The Rapper Is Turning Down $10 Million Advances After Grammy Wins
Chance The Rapper has been turning down a lot of money from record labels. Even more so after his recent Grammy wins.
According to reports, Chance has rejected eight figure advances because he wants to remain an independent artist.
“Every label is still trying to get him,” said an industry insider. “He’s making too much on his own. He was turning down $5 million advances before, and now it’s like $10 million. He may do something with Apple but not a label, per se. He’s going to remain independent.
In December, The Coloring Book creator explained that he wanted to blunt the power labels have over artists.
“I wanted to give the idea of freedom back to artists, and one of the biggest things is control of how you release your music,” he explained.
In a separate interview with Vanity Fair, Chance said that he makes his money from touring and merchandising. So despite turning down millions, he probably won’t be going broke anytime soon.
In fact, it seems like he may have broke the system.