Old Slaves: Entertainers Who Signed Bad Record Deals

6 comments
December 10, 2013 ‐ By Meghan Williams

As the saying goes, not all that glitters is gold – especially when it comes to contracts in the entertainment industry. Though many celebrities have inked deals that are making them millions, plenty have gotten the short end of the stick by signing what’s often referred to as “slave contracts.” Here are 15 stars who’ve signed bad record deals.

tlcTLC

This is how a group can sell 10 million records and be broke: They sign a slave contract that not only pays their management too large a cut of their money, but also requires that they foot the bill for every one of their expenses and retain little ownership of what they produce. Pebbles may be alleging that the women of TLC were heavy spenders, but she can’t seem to explain away the fact that each member only took home about $35,000 a year – at the height of their careers.

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  • ebony

    What about Tupac he signed one too

  • Allen

    It should come as no surprise that the majority of these artists are black. All they saw was dollar signs and any little common sense they had went out the window. I’m glad they got screwed because none of these so called artists offered much to society anyway other than to degrade it. Good riddance.

  • mommiglam

    By the time I click through the first four slides, I’m no longer interested. I wish we had an option to either view one page at a time, or scroll through all on one page. ;-(

  • NYC Gal

    Mary J, Blige also signed a $lave contract. She told S2S magazine about it.

  • Just saying!!

    The music industry is foul. I too am guilty of signing a bad recording contract, and am currently trying to get out of it so I can move on with my career. I’m just glad I learned early on in my career. They always want to rush you and make you feel like “this is it! Now or never”, and frankly, that’s not the case!

  • Guest1210

    Datz why yu should ALWAYS read da fine print & get legal consolation before yu sign anything! Glad many of these artists depicted above managed 2 make a living after all these grimey record labelz and they’re oppressive contractz.