Kanye West will submit official demands to record labels “really soon,” says Abou “Bu” Thiam in his first interview as West’s manager
involved — since fans have been eagerly asking for new music from him for the last year. “He wanted his contract to be a case study. That’s why he tweeted it,” Thiam says. “I respect him for being brave. I can’t think of anyone else who would’ve done that. The model is not to say, ‘Fuck everyone,’ excuse my language. The model is to do things fairly.”
“If we don’t fix the system, eventually there won’t be a record business — at least not in the form of a major label. You can be stubborn now, but every year, there are more and more independent artists who know how to be successfully independent.” West also railed against label advances as bad deals for artists; Thiam compares them to taking out bank loans to build a house. “You build that house, or make that record. Then the bank goes, ‘Okay, you built your house. You can live in it, but as soon as you’re going to live in it, we own that house,'” Thiam says. “You’ve submitted a down payment, you pay a mortgage, you pay an interest rate, but the bank still owns the house? That’s not right. In this industry, it’s the same thing.
“We’re no longer in the times that labels have to actually drive to a plant and physically make the records. In 2020, you can put up a record on iTunes by yourself for free. So, why are you charging me a fee for that when I can do that myself?” Thiam says. “It’s just time for theto understand that and to recognize it and do what’s right by the artists and the creators. It’s 2020. Just as everything else changes in life, the artists’ contracts should also change.
-DEPENDANTS – Artists must be dependent on no one but themselves to manage their catalog. You should need NO ONE else to understand the business you’re in.
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