Whitey Ford
04-03-2019, 07:08 PM
Hedge Fund's Route to 30% Fees: Cash Advances to Hip-Hop Artists (https://www.bloomberg.com/news/articles/2019-04-02/hedge-fund-s-route-to-30-fees-cash-advances-to-hip-hop-artists?srnd=premium)
A five year 'fee' (re: sky-high interest loan) to niggers so they can sit around, smoke weed and make crap music. This is gonna end badly. For the hedge fund.
In a few short years, Sound Royalties, a West Palm Beach firm started within a unit of Dinan’s York Capital Management, has become ubiquitous in the music industry. Proudly billing itself as “artist friendly,” it offers cash advances to musicians, who often have to tide themselves over between royalty checks that can take months to arrive. A big selling point is that unlike a loan, it’s quick and easy. No credit checks or hassling with banks. Just your money, fast.
“That’s why they call it a fee,” says Charles Koppelman, a former financial adviser to the late Michael Jackson. He now heads C.A.K. Entertainment, which counts Jennifer Lopez and Nicki Minaj as clients. “What they are taking is more than the law would allow if it were treated as a loan.”
https://i.imgur.com/WBtzOWb.jpg
A five year 'fee' (re: sky-high interest loan) to niggers so they can sit around, smoke weed and make crap music. This is gonna end badly. For the hedge fund.
In a few short years, Sound Royalties, a West Palm Beach firm started within a unit of Dinan’s York Capital Management, has become ubiquitous in the music industry. Proudly billing itself as “artist friendly,” it offers cash advances to musicians, who often have to tide themselves over between royalty checks that can take months to arrive. A big selling point is that unlike a loan, it’s quick and easy. No credit checks or hassling with banks. Just your money, fast.
“That’s why they call it a fee,” says Charles Koppelman, a former financial adviser to the late Michael Jackson. He now heads C.A.K. Entertainment, which counts Jennifer Lopez and Nicki Minaj as clients. “What they are taking is more than the law would allow if it were treated as a loan.”
https://i.imgur.com/WBtzOWb.jpg