Lil Pumps Hits New Record Deal With Warner Bros, $8 Million

Getting a Record Deal is what most if not all music act in the world are looking for and soundcloud rapper and Gucci Gang crooner, Lil Pump just hit a huge one today.

The Florida rapper earned some much better terms with his new deal.
Love him or hate him, Lil Pump is raking in some serious cash thanks to his breakout success in 2017. According to a report from TMZ, the Florida rapper just signed a new record deal with Warner Bros. with a roughly $8 million advance as well as favorable publishing splits. As TMZ reports, he could earn up to 66 percent of the royalties depending on the format, with at least 14 percent guaranteed in the U.S.

Pump originally signed a five-album deal with Warner Bros. and was set to earn a $375,000 advance for his next album. The contract was later voided, however, after it was discovered that Pump signed when he was a minor and the label never got the deal certified by a court. As such, he unexpectedly became a free agent, and was able to renegotiate what seem to be far more favorable terms this time around. Gucci Mane and DJ Khaled also publicly courted him during his brief independence.

Harvard Dropout, Pump’s next album, is set to drop sometime this year, although he hasn’t revealed a release date. He’s teased a host of new music since dropping his self-titled debut mixtape in 2017, and released the singles “iShyne” and “Designer” in the past few months. Lil Yachty also announced a collaborative tape with Pump, although a timeframe for that release remains unclear.

Source: Genius.Com