KANYE TALKS ABOUT HOW RECORD COMPANIES EXPLOIT TALENTS

"MUSIC COMPANIES EXPLOIT TALENTS WITH COMPLICATED CONTRACTS'' - YE 

Rapper and presidential candidate, Kanye West recently took to his Twitter to rant about how record companies use complex deals to trap and exploit talents of their hardwork. 

Kanye mentioned that music companies in a bid to make money, use complicated deals and hidden clauses to reap artistes and creatives.

"music companies exploit talents with complicated contracts" - Kanye said 

Contracts in all industries need to be simplified now. Complicated contracts are how businesses, music companies and sports take advantage of talent We will expose these contracts and make them transparent now support new talent, startups and amend all old contracts

— ye (@kanyewest) September 16, 2020

When I spoke to Katie Jacobs who is on the board of Vivendi we decided to create a “Y combinator” for the music industry so artist have the power and transparency to to be in control of our future ... no more shady contracts ... no more life long deals

— ye (@kanyewest) September 15, 2020

90% of the record contracts on the planet are still on a royalty A standard record deal is a trap to NEVER have you recoup, and there’s all these hidden costs like the “distribution fees” many labels put in their contracts to make even more money off our work without even trying.

— ye (@kanyewest) September 16, 2020