5 Blockbuster Hip-Hop Business Deals

December 31st, 2010 - By TheEditor

Hip-hop artists continue to break records when it comes to business dealings. Although it’s no longer a rare occurrence to see a rapper land a multi-million dollar endorsement deal, it’s still fascinating to see how well these brandmakers have infiltrated the mainstream and have become the go-to sources to help hawk and sell products.  Not to mention, rappers have become an inspiration for African-American entrepreneurship, having become owners of their music and business offshoots like fashion labels. Here’s a list of some of the biggest deals that have helped to enrich the bank accounts of the biggest names in the rap game.

50 Cent

"50 cent"
Curtis “50 Cent” Jackson boldly thanked Vitamin Water during a televised performance a few years ago. That’s probably because his deal with the company turned into one of the biggest in hip hop history. In May 2007, Coca-Cola  bought Vitamin Water for $4.1 billion. Timing is everything, as 50 cent had recently bought into the bottled water company. After the sale,  business experts estimated his take from that sale, after taxes, was about $100 million.

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  • SayCheese

    Realtalk the music business isn't in a tailspin. Jut the part about selling CD's is. Because CD's are no longer needed. Because of digital downloads. So early Napster and Limeware and now Apple heard the consumer about paying to much for a CD and consumers only liking 2 to 3 songs on the CD. Decide to take the problems into their own hands and create digital signals and mp3 players for the music loving consumer. So to get price of CD's out of the way the tech companies set price points for each song download. So consumers weren't paying $15.00 for only 2 songs they like. Along with the download tech and web companies develop new technology to listen to music in a new easy to carry format the mp3 play and music app on the cellphone, and thus killing the physical CD and CD player.

    So since all the music big wigs weren't paying attention and thought the mp3 player and digital downloads were a joke and no one would use it. They marketed themselves out of their own business.

  • Realtalk

    Explain to me how the music business overall has been in a six year tailspin and yet time and again it is reported these “hip-hop” business deals involve figures that far exceed the total sales for the largest music corporations? Either someone is laundering tremendous sums of money through these paper transactions or we are reading great works of fiction.

  • Antoinette Scott

    I really like Akon. I hope he doesn't sell out to white businesses like so many other hip hop artists do these days and other black owned companies. We put in a lot of sweat and tears to get where we are today only to sell to the white man so they can gain even more power. Go figure!!

  • q

    all newyork dudes…

  • Camille

    Also for akon..he was very smart to sign lady gaga to his konvict records when no one wanted to sign her and now he never has to work again in his life (as he stated in his interview)because she is such a big success

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