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IS THIS THE END OF THE HIGHLY TALENTED SKALES?

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IS THIS THE END OF THE HIGHLY TALENTED SKALES?


SkalesIs this the end of Skales? How will he pay the sum of 5billion naira to Baseline records? First, let me give you a run down on what is really going on with Skales and why I am talking about the end Skales.

READ: SKALES MANAGER ARRESTED FOR STEALING 13.3 MILLION

Skales signed a ‘wonderful’ deal with Baseline Music 2 years ago. An insider told us that the deal was worth over 200million. That’s about the biggest deal in this side of the world.
In an official statement made by Howie T (Baseline label manager), he said,
‘I cannot give you any specific figure because we don’t want other artistes to start running to us. However what I can tell you is that the deal is worth hundreds of millions. It includes his new car, new house and total lifestyle package. We are changing his whole lifestyle. We don’t want to create any form of distraction by revealing any figures, but trust me it’s a huge deal, it’s about the biggest deal in the industry at the moment’.

Skales girlfriend says Skales was not arrested. Accused the label maltreating Skales

Information reaching us concerning the contracts reveals that Skales signed a 5 year deal.

‘Under the terms of the Contract, Skales assigned to the company all copyright and other rights or interests throughout the world in all sound recordings made by Skales prior to or during the term of the Contract. The Contract further provided that the Company shall be entitled to 70% (seventy percent) of the gross receipts received by Skales from performance and tours and brand endorsements during the term of the Contract’.

The ‘wonderful’ aspect of the contract states that, ‘The artiste may terminate this agreement prior to the expiration of the contract period by paying the company the sum of ten million pounds sterling’.

How will he be able to raise 5billion naira considering the current exchange rate? If he doesnt remains with them until the end of the contract whether he still have grudges or not. Business is Business.

I will like to hear your thoughts on the issue.
Here is what people are saying on tweeter:

 

And it’s much worse than we know… These guys own Skales. He’s a slave.

I’m so angry at Skales’ foolishness. I’m angry that they’ll cheat him like this!

Music is business. There are no Santas. If they force a life of affluence and ease on you from an early stage, run.

Like in every business, you grow gradually. From rented flat in Gbagada till you can afford to buy a house in Lekki. There are no shortcuts

Some of these investors are no different from those who send young ladies to Italy for prostitution.

Get someone who can tell you to go fuck yourself if you’re going to put the team in jeopardy because of greed.

I don’t have pity for Nigerian acts. Lawyer una no go hire. Publicists you won’t have. A&R you won’t employ. Una suffering just dey start.

People saying 70/30 is a desperate contract. Lol like the investors have tens of millions to throw around

Beats me how you don’t booking and accounting for ur label. How ur artiste gets booked and you don’t know.

I can’t run a label in Nigeria because the system is flawed. I’d rather invest and give u a time line to pay me back simple.

Truth be told o.

If u sign an artiste say like Mayorkun you will spend at least 60m before u start getting profit.

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ceonrhymesPossible Wilson Recent comment authors
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Possible Wilson

Ah guess the best option for him now is to stay with the music label and complete the Five (5) year contract, that’s gonna be easy for him…

ceonrhymes
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ceonrhymes

I think so too. Where else will he generate such amount of money

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