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Rick Ross explains what it means to sell your catalog

Owning your masters is one of the biggest recurring topics within the Hip-Hop community, but as Jim Jones revealed last year, it’s just as important for artists to understand how to use them and To take advantage of. Over the past four years, a significant number of artists and record producers who own their masters – such as The-Dream, No ID, RZA, Bruno Mars and LA Reid – have made headlines by selling huge percentages of their music catalogs for huge sums of money, and during HNHHDuring Rick Ross’ last interview, the subject of selling his catalog came up.

As an independent artist with 11 solo studio albums (10 of which debuted in the top 10 of the Billboard 200), Ross is currently on the verge of a huge payday before embarking on the next chapter of his career. , as several major labels have already made him offers for a new recording contract. And while he admitted to thinking about selling parts of his famous music catalog, Rick Ross revealed he wasn’t quite ready to do so.

“Not yet,” Rozay confirmed. “All the homies you see getting really big numbers, they’re taking their time. There’s no rush. Let’s keep making great music man. Let’s keep living. Let’s keep making history.”

Although the Richer than I’ve ever been the artist confirmed he won’t be selling his catalog anytime soon, he offered more information on what selling his work actually looks like. According to Ross, it’s crucial that artists understand what they own before even considering a big move like this.

“It depends on the percentage of what they own,” he explains, “because you own something as an artist. [Probably not] your entire catalog. It’s understandable if you’re a young artist entering the game, but what do you own? Do you own your publishing side? You know, it’s different things that come with it. What do you own?”

Image by Bre’anne White c/o Collective Gallery for HNHH

Rick Ross further explained that to get to a position even to attempt to sell his catalog, the right business decisions have to be made during his music career, and he even shouts out Slip-N-Slide Records founder Ted Lucas in the process.

“When I came into the game, I just wanted a record deal. But guess what, once I released my first album, I started renegotiating at that point,” Ross revealed. “And I got to say hello to Ted Lucas, the CEO of Slip-N-Slide Records, who I was signed to for my first six albums. Before I even got to my last albums, I owned almost everything I could own, other than a certain payout percentage. Once you get in the game and you’re successful, you just come and sit at the table like a man. A good businessman will figure that out.

“I did it on every album,” Ross continued. “I asked for more. I did it on both sides. Not just with my label, but also with my lawyers. I was giving you X percentage on my first album, let’s cut it down to 12. cut it down to 8. Moving on to 5. This goes for everyone.You renegotiate.

For more on Rick Ross, be sure to check out our full cover story here, and let us know in the comments if you think Rick Ross will be able to successfully sell his music catalog in the years to come.