Last week, Brockhampton announced that they had signed a deal with RCA. Now further details of this deal have emerged, with sources telling Billboard that the label is parting ways with $15 million to get six studio albums from the group over the course of the next three years. Sources also divulged that RCA won't touch money made from live shows or the sale of merchandise, but the fact that the group will take part in an aggressive touring schedule will hopefully (from their standpoint) increase the hip-hop collective's "commercial potential."

"People are really excited about the touring, the streaming numbers and the consumption numbers aren't big," said one of the sources to Billboard prior to adding that the deal was a sign of "crazy times" in the recording industry.

The report comes days after Brockhampton and group member Kevin Abstract announced the deal on Twitter:

The deal will cover all of the group's 14 official members.

Brockhampton's next studio album, Puppy, is due out sometime this summer.