Author Topic: King Tee - The Kingdom Come  (Read 3196 times)

thegooddoc

Re: King Tee - The Kingdom Come
« Reply #30 on: May 05, 2025, 07:44:09 PM »
Yeah I’m sure King T subsequently went and got a job as a manager at Dick Sporting Goods and paid off all the debt.

Tax write offs, well, hell, if that’s the case then sign anyone with a chance and have them record an album because you got nothing to lose cause it’s a tax write off

That doesn’t make sense either

Artists are not personally responsible for repaying their advance.    The money is recouped from sales/royalties.  If their record is shelved it is just a tax write off and the artist does not see a penny from any future release unless the advance is recouped or they are released from their contract.
 

Krull2025

Re: King Tee - The Kingdom Come
« Reply #31 on: May 27, 2025, 10:17:41 AM »
A long time ago I read that it was shelved due to The Source's review of the album. e.g. 3.5 mics out of 5.

I also read that at the time.
 
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b.laden

Re: King Tee - The Kingdom Come
« Reply #32 on: June 13, 2025, 12:10:51 PM »
classic album ..i m still mad at others KIng Tee album , i dont like them much  , beats average 
with the good beats like in this album  , King Tee is unstoppable
 

TraceOneInfinite

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Re: King Tee - The Kingdom Come
« Reply #33 on: June 15, 2025, 12:21:16 PM »
Artists are not personally responsible for repaying their advance.    The money is recouped from sales/royalties.  If their record is shelved it is just a tax write off and the artist does not see a penny from any future release unless the advance is recouped or they are released from their contract.

Yeah so if that’s the case then what’s to stop labels from just signing and advancing dozens of acts if it’s just a tax write off anyway
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Re: King Tee - The Kingdom Come
« Reply #34 on: June 17, 2025, 12:42:43 PM »
Yeah so if that’s the case then what’s to stop labels from just signing and advancing dozens of acts if it’s just a tax write off anyway

That money still has to come from somewhere. And I’m pretty sure there’s a limit to tax write offs
 

thegooddoc

Re: King Tee - The Kingdom Come
« Reply #35 on: July 06, 2025, 03:10:32 PM »
Yeah so if that’s the case then what’s to stop labels from just signing and advancing dozens of acts if it’s just a tax write off anyway

Because then they would just be losing more money?