01/08/2023
Skale's 200 million naira music deal was torn to pieces in the blink of an eye. His image was ruined and he ended up in police custody in 2014…
In the midst of it all, he also lost his manager.
All because of juicy record deal. A 200 Million Naira, career damaging deal.
Why?
IGNORANCE
How?
He signed a 5- year contract with a clause that destroyed his career.
‘Under the terms of the Contract, Skales assigned to the company all copyright and other rights or interests throughout the world in all sound recordings made by Skales prior to or during the term of the Contract. The Contract further provided that the Company shall be entitled to 70% (seventy percent) of the gross receipts received by Skales from performance and tours and brand endorsements during the term of the Contract’.
He signed out all his copyrights both past and present.
More so, he agreed to relinquish 70 per cent of profits earned from everything.
He also agreed under the contract,
‘The artiste may terminate this agreement prior to the expiration of the contract period by paying the company the sum of ten million pounds sterling’.
Read it carefully. All past and future deals, ten millions pounds to exit, they literally took his life and sweat.
A contract worth N200 Million Naira which you pay 10 million pounds to exit and terminate.
He lost it all, career, money, loyal fans who supported him from when he was nothing
He wasted time, effort and energy with back and forths with the record label. At that time his contemporaries like Wiz Kid were signing record deals, going from show to show, and signing international collaborations.
His career was falling like a Bellview plane falling from 13,000 feet high.
Why am I sharing this with you?
So that you can avoid 200 million naira music deals that look real but destroy everything you’ve ever built.
If Skales could fall into the trap, you can too. But I won’t allow it. I’m bringing my 14years as a music lawyer to you and sharing every secret in the playbook for recording artists though the Create Your Future: An Online Music Business Course for Recording Artists.
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