UPDATED 3/22, 12:40 p.m.: 10K Projects made the official announcement on Tuesday that it in fact inked “a long-term deal that will keep [Trippie Redd] at the label for years to come.” Financial specifications were not given.
In the press release, Trippie, 22, reflected on label founder and CEO Elliot Grainge signing him at age 16. “From the start he’s always pushed me to do everything on my own terms which is the most important thing to me. I’m grateful to have had him as a partner for this long and excited to make more hits with 10K and keep growing together,” Redd said.
Grainge stated, “We launched 10K Projects as a label where artists have complete creative freedom and the support to realize their vision. Trippie Redd has thrived under these conditions, releasing a lifetime’s worth of music in just five short years and becoming a singular voice in contemporary music. I know I speak for everyone at the label when I say I am so honored and humbled to be able to continue our extraordinary partnership with Trippie for years to come.”
10K co-presidents Zach Friedman and Tony Talamo commended Trippie for being an “exceptionally rare creative force” and a “very rare artist who is always pushing the boundaries of music genres, always surprising, always challenging.” Trippie’s manager Peter Jideonwo, meanwhile, said the team is “super proud of everything we’ve accomplished so far and I can’t wait for the unbelievable years to come.”
As for that upcoming music, Trippie tweeted on Sunday that he’s figuring out who to recruit for guests on his next album.
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Fresh off the release of his fourth studio album, Trip at Knight, Trippie Redd still has a lot left in the tank.
The 22-year-old rapper took to Instagram to announce that he signed a $30 million, three-project deal with Elliot Grainge’s 10K Projects label.
As you can see in the post above, Redd confirmed the exact number of projects connected to the $30 million deal in the comments section of his post. The Trip at Knight rapper also wrote in his caption that he would begin dropping songs from his upcoming album, A Love Letter To You 5.
Prior to Redd sharing how much he would be making in his new deal, he revealed in a separate post that he now charges $250,000-$400,000 a show.
“250k – 400k each show that I’m booked for I feel grown need a mustache 💁 for all bookings hit @unnecessaryballing 👏” he wrote. Also in the comments for his post, The rapper revealed that the $30 million is “just the label bag” and doesn’t include touring, merch, or sponsorships.
Trip at Knight debuted at No. 2 on the Billboard 200 chart, selling 81,000 equivalent units in its first week. His next album, A Love Letter To You 5, would be the latest entry to his ALLTY series. Little is known about the project, but he has shared some snippets of songs online.
ALLTY5 has yet to receive an official release date.