Alright, by now, we all know that the music industry is collapsing and that TVT filed for bankruptcy (hold ya head Chris B!), but what we (or at least I) didn't know is that a big part of the TVT bankruptcy is based on the $9 million judgment that Slip-N-Side obtained against TVT last year because TVT interfered with Slip-N-Side's rights to release an album full of previously-recorded Pitbull songs. (Source) Not to mention the fact that TVT lost its $132(!) million judgment against Def Jam over the Ja Rule Cash Money Click album on appeal (shout out to Andy Frey). That woulda helped. Poor Cash Money Click, by the way, forever relegated to Ja's shaddow (that album was their big break).
So, in any event, I guess the rumors are true that it is (was) virtually impossible to get a clearance from TVT, which was a potential problem because the song Juganot did with Pitbull and Nina Sky is fire.
But it begs the question, why wouldn't TVT just let Slip-N-Slide put out the record? Who really wants to buy an album full of previously unreleased Pitbull tracks? Just let them put it out.
While I was surprised to learn that Pitbull's '04 album "M.I.A.M.I." sold over 600,000 copies (well, it was 2004, "Culo" was a smash and "Damnitman" was hot), a Pitbull album of old songs on Slip-N-Slide ain't gonna interfere with a Pitbull album on TVT, especially since the TVT album had his huge Spanish club hit "The Anthem" and still only managed to push 22,000 in its first week (and 9,000 in its second week). Was "Culo" that much of a bigger song????!?! Or is the music industry really tanking that bad. YIKES!
Pitbull went from 600,000 in '04 to 300,000+ on a REMIX album(!) in '05 to 198,000 for "El Mariel" in '06 to 70,000 (in 3 months to date) on "The Boatlift."
Talk about "Slip-N-Slide"! HA
But seriously, lets talk about Slip-N-Slide. Ted Lucas must be fucking rich. First Trick Daddy & Trina, then Rick Ross, then Plies and now $9 million after NOT releasing a Pitbull album. Maybe this TVT lawsuit was a blessing in disguise for Ted Lucas. For Steve Gottlieb (founder of TVT), not so much.
And on a completely unrelated note, I know this was business news, but my source for most of this post was the NY Times, which has been covering Hip-Hop pretty extensively over the last year or so (shout to Kaleefah whats his face). Last week they had an article on Bun B AND reviewed the fucking mixtape release from Princess from Crime Mob. WTF? But this isn't the first time the Times reviewed a mixtape. I'm pretty sure they also reviewd Joe Buddens' Mood Music III. Is this a further sign that Hip-Hop is dead and the industry is collapsing, or has the Hip-Hop generation finally taken over?
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Wednesday, February 20, 2008
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1 comment:
Nice, a shout out to one of America's top 10 appellate litigators
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