He concluded, "People don't understand how the major label record deal works. And we have good people there that have done a lot of work." Everyone there, I'm sure, wants us to make money. There's no person at Epic that's responsible for us not making money. But 20 years, we've had eight different presidents, nine different A&R people. "The reality is, with Epic Records, where we've been for 20 years, we have a lot of control they've been very good about letting us do almost whatever we want, and supportive. Loeffler was complimentary of the band's relationship with Epic Records, who have been their label since their second album, 2002's Wonder What's Next. And that's the other side of it too - you can use the major label to get it out there and to do what you're gonna do and then transition into a situation where you have more control." There are some great artists who have done a really good job promoting themselves and have been able to keep all the control. And if you can give a little bit of info out to somebody out there who's, like, maybe on the fence about signing this major label deal but they're doing really well on their own, promoting their own thing… It all depends on what's out there and what you're able to do on your own. "I think the whole thing with Pete saying that, about how we haven't made any money on albums, is more about letting people know how it works when you sign away your masters for 29 years." "Long story longer, the reality is had you not made that deal when you did, who knows if it ever would have gone to where it is now? Because we've done great in a lot of places - we still do," continued Loeffler. And I think that that is something that is surprising." So when it comes to your albums, you give us nine albums, and you'll get nothing for it.' The album becomes a promotional tool. We've done very well on all the other parts of the business, which is great," said the drummer, adding, "That seems to be what's happened with the industry, is that it's kind of like the industry knows that touring and merch and publishing and things like that are their own thing, so they're, like, 'Because of that, we're gonna take everything else. "We didn't say how much money we've made in anything except for we haven't made any money from album sales, which is true. When asked about Pete's comments, Sam Loeffler offered a more in depth accounting of how the record industry works with artists, which he adds is something that may be surprising to some. So if we find a new home at a new label, wherever it is, it's gotta be a special deal where you get something for your hard work." We just aren't excited to get back into any kind of contract. A lot of people make money off of us we just don't make money the way the deals are structured. We haven't made any money off of record sales, album sales.
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And we need to start trying to make some money off of our catalog, which is 10 albums deep, plus all the side stuff. He stated at the time, ""Contracts are a bitch, and we've signed some raw ones. Pete initially started speaking about the band's future as they just completed a contract with Epic and were contemplating their next step. Clarifying a bit of what his brother said, Chevelle drummer Sam Loeffler elaborated on that point while speaking with Two Doods Reviews (seen below). Speaking of Offset, the Father Of 4 rapper hinted that their next project would be a proverbial “return to the bando,” a claim that successfully piqued the interest of many day-one fans.Last month, Chevelle's Pete Loeffler likely raised a few eyebrows while revealing on WEBN's KiddChris Show that the group had not "made any money" from their record sales despite have sold over six million albums.
We’re not entirely surprised to see the rapper testing the waters, as his fellow group-mate Offset has recently been quite generous with his snippets in fact, you can check out a potential Culture 3 banger right here.
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Though not entirely the most telling of statements, it would appear that Quavo is on the verge of a full-blown rollout, one where the third and final chapter of their series may be the endgame. “Happy anniversary,” writes Quavo, looking back on three years of Culture 2. “The Clock Starts Now!” Though they previously indicated that their next album would no longer be called Culture 3, a recent tweet from Quavo seems to hint at a revisitation of the series.
Now, we’re looking at an entirely different landscape - one in which a return to form from the Migos would not only be welcomed, but appreciated.
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