A few weeks ago Gucci Mane and his camp leaked that Lil Pump was signing to Gucci’s 1017 label for almost $10 Million dollars. Well it seems that was false. Last night news was broke that Lil Pump is signing with Warner Bros for $ 8 Million dollars.
The rumor is that Gucci did not come thru and the deal was held up, so Pump and his team felt Gucci was not realiable and did not have the resources a major label like Warner Bros.
The contract stipulates that Lil Pump will receive an $8 million advance, followed by $9,000 for the first year, $12,000 for the second year, and $15,000 for years three through seven.
Pump will also receive 14% royalties in the U.S., with certain provisions giving him up to 66% royalties depending on the format.
Congrats are definitely in order for Lil Pum and his Tha Lights Global team.