T-Pain Sold Catalog For A Century Worth Of Money
T-Pain turned a profession’s price of chart-toppers right into a $100 million payday after promoting his catalog to HarbourView Equity Partners, a transfer he says fast-tracked generational wealth.
During a revealing sit-down on the Club Shay Shay podcast, the Grammy-winning artist defined how the deal got here collectively and why it was a no brainer.
“The amount of money that they gave me for my catalog, it literally would have taken me a hundred years to make that money. I calculated it,” he mentioned. “At first I was like, ‘why would I sell y’all this?’ And they were like, ‘look, here’s how much you’re making per year off of this. We’re gonna give you a hundred years worth of money right here all at once.’ I didn’t think that was a hard calculation.”
The 39-year-old hitmaker, who helped redefine the sound of recent Hip-Hop together with his signature Auto-Tune type, mentioned he shared the information together with his spouse in disbelief.
“I discussed it with my wife. I said, ‘hey, babe. The kids gone to school? I got to talk to you about something that’s real important about the future. I was like, can I close the door? Cause I don’t want the rest of the house to hear. So, I closed the door. ‘we rich, we rich, we got $100 million dollars.’ We rich.”
But the deal wasn’t only a one-time payout. T-Pain revealed that HarbourView is now invested in his future inventive output, not simply his previous hits.
“HarbourView, the people I sold my catalog to, they didn’t just say, ‘we want your catalog.’ They said, ‘we’ll buy your catalog. But also, if you make another hit, we want that, too. If you make more songs, we want them, too. If you make a hit TV series, we want that, too. If you make a football league that nobody even thought of, we want that, too. If you score a movie, we want that, too. So it’s a partnership now.”
The Florida native has already began investing his earnings. He bought a 50,000-square-foot warehouse in Tallahassee to deal with his rising Nappy Boy enterprise operations, spanning leisure, gaming, and drinks. He additionally purchased a aircraft.
The sale marks a major milestone in T-Pain’s profession, together with over 50 million singles bought, billions of streams, and greater than 10 Billboard Hot 100 entries.
This 12 months additionally marks the twentieth anniversary of a number of of his greatest data, together with “Buy U a Drank (Shawty Snappin’),” “Bartender” that includes Akon and “I’m N Luv (Wit a Stripper)” with Mike Jones.
Outside of music, T-Pain has constructed a robust presence on Twitch, the place his livestreams have earned him a loyal following and additional cemented his fame as an entertainer and entrepreneur.
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