It’s an end of an era for T.I. as a rapper and businessman. The ATL artist’s contract is up at Atlantic Records and he is now taking meetings with different labels in hopes of securing a mega deal worth $75 million.
The deal that T.I. is supposedly looking for will consist of 3 solo albums. He also wants a 10 to 20 percent cut of all publishing, merchandise, touring, film and TV rights, and endorsement deals. The label would also have to commit to signing every artist Tip has or will bring into the Grand Hustle fold.
Word is Tip has already taken meetings with Dr. Dre and Jay-Z, who are both interested in bringing him to their respective labels, Interscope and Roc Nation. A bidding war may start because Sony Music has already offered T.I. $50 million and Universal is speculated to be making an offer sometime in the near future.
The prospects of signing to another label look promising, but Tip still might renew his contract with Atlantic. After all, his last album “Troubleman: Heavy is The Head” did debut in the Top 5 on Billboard selling 179,000 copies in its first week.