T.I. Shopping For A $75 Million Record Deal; Sony Offered Him $50 Million

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Last week, I reported that former Atlantic Records rapper T.I. fulfilled his contractual agreement with the label, is now a free agent and had a secret meeting with the executives over at Sony Records. According to Sandra Rose , “T.I. is on the verge of signing a new record deal with Sony.  T.I. and Grand Hustle CEO Jason Geter met with the head honchos of Sony Records to discuss a “big deal”. The big names in the room included Doug Morris, Chairman & CEO of Sony Music Entertainment; Shawn “Tubby” Holiday, A&R Sony Music; Mark Pitts, President of Urban Music at RCA/Sony and founder of Bystorm Entertainment; and Peter Edge, CEO of Sony’s RCA Music Group. The discussions also included a distribution deal for Grand Hustle Records.”

Now, TMZ is reporting that “T.I. is shopping a $75 million deal which will include three albums, 10-20% of publishing, touring, merchandise, film and TV rights, corporate endorsement deals, and exclusive singing of all Grand Hustle artists. Sources close to T.I. tell TMZ … he’s already met with some of the industry’s biggest names … including Dr. Dre, who asked him to join Interscope over dinner at Katana… and Jay-Z, who wants T.I. in the Roc Nation familyWe’re told Sony’s put a $50 million deal on the table so far … and Universal’s meeting with him later this week to make an offer too.”

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Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.