Lil Pump just got a recording contract with Warner Bros. Records and this time it looks like it's going to be binding
Terms of Pump's new record deal were unclear at press time and a rep for the company declined Variety's request for comment.
Looks like Lil Pump has finally figured out his label situation.
This is the second round of trying to get a valid contract between Warner Bros.
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There's no doubt that Lil Pump has been making money moves in the hip hop industry over the course of his ever expanding career, but today he inks a huge deal with Warner Bros. According to his contract, Lil Pump will receive a whopping 8 million dollar advance on the deal. Records and Pump. The first contract was invalid because it was never validated by the court and he's a minor - 17 years old.
Warner Bros will pay the rapper $9K for the first year, $12K in the second and will increase to $15K between his third to seventh year under their wing.
The report says that he'll receive 14% of royalties in the USA but there's also chances of him making even more on royalties depending on the format.
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