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March 18, 2017

Apple paid Chance the Rapper $500,000 for a two-week exclusive

by John_A

It’s tough for streaming music services to stand out. Cosmetic differences aside, all of them offer virtually the same thing. Each major platform has the songs listeners want, for the most part. One method that services are using to stand out is exclusive releases — even if they’re only exclusive for a short time.

For instance, Apple Music was the only place to stream Chance The Rapper’s 2016 mixtape Coloring Book for the first two weeks after its release. Apple also struck a similar deal for Frank Ocean’s Boys Don’t Cry last year. We had no idea how much this type of arrangement costs until, as The Fader notes, Chance The Rapper pulled back the curtain today. In a series of tweets, the artist said that in exchange for advertising and two weeks of exclusive streaming rights, he was paid half a million dollars.

“I wanna clear things up,” Chance tweeted before revealing that Apple gave him $500,000 for the two-week exclusive. A couple minutes later, he added, “That was the extent of my deal, after 2 weeks it was on SoundCloud for free. I needed the money and they’re all good people over there.”

Chance prides himself on being an independent artist, so he shared this information to “remain transparent” about his relationship with the streaming giant. He wrote that as long as they’re working with good people, getting paid, and keeping your integrity, artists shouldn’t have to justify partnering with anybody.

Exclusives are a point of contention, since ultimately, they keep music away from listeners. Consumers subscribed to the “wrong” service could miss out on the songs they want. Exclusives are apparently a headache for record labels as well, since Universal Music Group claims to be done with them. Artists have the potential to do well in this situation, though: “I think artist can gain a lot from the streaming wars as long as they remain in control of their own product,” Chance tweeted.

This is the first time we’ve been able to put a dollar amount on timed streaming exclusives, and that’s significant. Coloring Book was the first streaming-only album to chart on the Billboard 200 and be nominated for (and win) a Grammy. We know streaming is a big part of popular music’s future, and now we have a better idea of how much money is involved.

I never felt the need to correct folks on my relationship with @apple but now that more people have tried to discredit my independence..

— Lil Chano From 79th (@chancetherapper) March 17, 2017

I wanna clear things up. @apple gave me half a mil and a commercial to post Coloring Book exclusively on applemusic for 2 weeks https://t.co/dMWwptrHHH

— Lil Chano From 79th (@chancetherapper) March 17, 2017

That was the extent of my deal, after 2 weeks it was on SoundCloud for free. I needed the money and they’re all good people over there https://t.co/5kIhv0YaKS

— Lil Chano From 79th (@chancetherapper) March 17, 2017

I feel like if I didnt clear it up people would keep trying to discredit all the work we did to make Coloring Book what it became https://t.co/05v81I38ur

— Lil Chano From 79th (@chancetherapper) March 17, 2017

I think artist can gain a lot from the streaming wars as long as they remain in control of their own product. https://t.co/6agVO3uIdf

— Lil Chano From 79th (@chancetherapper) March 17, 2017

I just wanna remain transparent. Folks out there without a deal need to know they’re doing everything right just keep at it. https://t.co/5udstMPX62

— Lil Chano From 79th (@chancetherapper) March 17, 2017

If you come across oprtunities to work with good people, pick up cash and keep your integrity I say Do It https://t.co/yF0gBPkLhY

— Lil Chano From 79th (@chancetherapper) March 17, 2017

Via: The Fader

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