WIDEawake Death Row Records Update

[Efrain]

Looks like they were shuffling around cash and inflating assets to lure investors into giving them more money. What a train wreck.

Let's hope a major record outfit picks up the label and does right by the catalog. Another upside to that scenario is if a label like Interscope or Sony or some major picks up the catalog then cutting through that proverbial "red tape" on 2pac stuff is going to be a lot easier. Afeni will bless it if she knows they're doing serious business, past DR artists will come back into the fold and work on stuff; all the equipment, resources and personnel are readily available to work on polishing up past recordings with minimal cash outlay.      

Fingers crossed (again).

[BiggBoogaBiff]

cutting through that proverbial "red tape" on 2pac stuff is going to be a lot easier.

as far as "red tape" goes, that's exactly part of my point that I've been making (and no i'm not dissing u).  there's too many contracts and people involved even before WideAwake gets their hands on it with this older product to make a profit off of it starting at a $24,000,000 debt.  that's not even counting tha fact that 95% of the artists on there [1st and 2nd generation] who aren't even on board with the idea in the first place.


i'm happy that somebody did it but it was silly of them (or anybody) to buy it at that price and expect to make all of this money back and thensomme.  don't get me wrong I'd still buy future releases but that's just me.  but lord knows Me (and most people) aren't going to buy re-released material and other material by artists I could care less about.

[Efrain]

cutting through that proverbial "red tape" on 2pac stuff is going to be a lot easier.

as far as "red tape" goes, that's exactly part of my point that I've been making (and no i'm not dissing u).  there's too many contracts and people involved even before WideAwake gets their hands on it with this older product to make a profit off of it starting at a $24,000,000 debt.  that's not even counting tha fact that 95% of the artists on there [1st and 2nd generation] who aren't even on board with the idea in the first place.


i'm happy that somebody did it but it was silly of them (or anybody) to buy it at that price and expect to make all of this money back and thensomme.  don't get me wrong I'd still buy future releases but that's just me.  but lord knows Me (and most people) aren't going to buy re-released material and other material by artists I could care less about.

Yeah it's a valid point on the unreleased stuff for sure.

But I would disagree with you on the point of purchasing the catalog in the first place. I don't think they ever intended to make tons of money on the unreleased stuff; it was the passive income they were attracted to from the get-go.

The released DR catalog generates just under a million annually in North America without doing anything. What they wanted to do was expand upon that passive income in global markets and, if they could, try to develop new revenue streams from the unreleased stuff and through marketing gimmicks like box sets, re-releases, merch, etc.

It's certainly a solid proposal. I bet any major label could have pulled it off even at a price tag of 20 million.

[eurowigger]

“He said, you can’t miss this. This is a fantastic thing. We are very proud of it. And the best of it, it’s 100 per cent insured, you can’t lose a penny on it,” said Petrik.

“And then when he throws in the 10 per cent interest …”

LMAO 10% interest with no risk? It's pretty damn clear no such investment opportunity exists to even a fool like me. How can educated people (doctors or whatever they were) fall for shit like this? Greed is a motherfucker.

I also know never put all the eggs in one basket. But when all this came around (Frost) was so persuasive

Double LMAO... If it was for real they wouldn't have to persuade anyone. Investors would be lining up to get in on the action.

[BiggBoogaBiff]

Say it does generate 950K a year (don't know where u got those numbers tho), that money STILL has to be split up like SnackPacks that Soccor Mom's bring after their child's game.  It would take you YEARS to even reach the $24,000,000 mark [you just "said" it yourself], in fact it would take u so long that you'd end up losing all of your money completely.  




Daz, Snoop, and Dre and all of them might not be gettin shit for their old music (if anything at all) but WideAwake still has to split that profit between WideAwake.  And WideAwake may still owe their parent company after they get their checks.  At the end of the day when it's all said n done and everybody has their money an individual who's vested in the old Death Row catalog recieves Civilian pay Salary yearly (i'm talking Middle Class/Povery wages).  




I could definitely use it now but $1,000,000 isn't alot of money.  Even if u hit tha lottery at 40 and win a million dollars you're still going to have to do something to keep money coming in that would be a "livable" wage by itself.  That's why some of these people u hear about who hit the lottery for a milli or a little more still be workin after they've collected their check.  




If you were talkin something like generating $10-$12million annually then yeah, u got money a little money to burn and explore with but $1,000,000 ain't shit in North America [where most of them probably spend their days at outside of Vacationing].  Especially when u have to factor in who you owe and how it splits down in-house along with making your/y'all next move.  



You couldn't have fooled me before or during the Recession to buy it at those prices after late 2002/early 2003.  And no I haven't forgotten that Pac went Platinum