FinalCall | Some of our greatest icons, such as Sammy Davis Jr., Billie Holiday,
“Little” Richard (and the list goes on) lived rich, yet died broke while
Jewish managers, accountants, attorneys, business advisors and others
fed their families for years off of their largess. Few entertainers in
the history of Black America have been able to say that their assets and
true net worth were as prominent as their talent and popularity. Sadly,
hip-hop is no different. And while hip-hop has produced a handful of
millionaires, they are like a teardrop in the Pacific Ocean when
compared to the many rappers who, like most Black people, are living
“show-to-show” and “check-to-check.”
Over the years I've had many personal acquaintances who were in the
hip-hop music industry with hit records, global popularity and a healthy
fan base. It always puzzled me the way they struggled financially;
worse than some school teachers or sanitation workers. I watched many of
them try and maintain the image of the rich and powerful, yet couldn't
pay their taxes, child support and in some cases their rent. Popular
hip-hop magazine, XXL, recently published an article titled “Hard Times”
about fiscal problems rappers face that the hip-hop community doesn't
like to talk about. Truth is, most rappers are broke; owing more money
to their record labels than they have in their bank accounts. As a
matter of fact, most contracts for rappers are just as horrible as those
for entertainers in other genres where artists sell millions and
receive pennies while the record companies make out like fat rats. Who
are the owners of these major record companies? Forgive me if I sound
monotonous, but they just happen to be Jewish.
There have been many examples of independent success in hip-hop's
music industry such as Master P (No Limit Records), James Prince
(Rap-a-Lot Records), Luther Campbell (2 Live Records) and others.
However, because none of these outfits had the power to control their
own distribution they were eventually left at the mercy of those who
did. Who are the owners and controllers of the distribution channels
that deliver rap music to the world? You guessed it. They just happen to
be Jewish. Cash Money/Young Money Records, a popular imprint from New
Orleans who houses artists Lil' Wayne, Drake, Nicki Minaj and others
reportedly has one of the last lucrative independent deals in existence,
but still do not control their own distribution. So even those
Black-owned rap labels who appear to be the front-runners are in a
dangerous position.
This opinion editorial is not an effort to weaken the powerful image
of our great hip-hop artists. I love hip-hop. I am part of the hip-hop
generation. This is why I felt the need to write this article. Hip-hop
is leading the youth of the world, but if our artists are under the
inordinate control of those who control their careers then where will
the youth of the world be led? I'm only trying to, as they say in the
streets, “keep it 100.” It's time for rappers to become just as tough
and assertive in the boardroom as they are in the recording booth.
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