P. Puffy Diddy Daddy Deals
Published February 08, 2003
How many times are you allowed to change your name? Sean Combs signs a deal with Universal:
- Rap mogul Sean "P. Diddy" Combs, one of contemporary music's most successful entrepreneurs, has signed a distribution deal with Vivendi Universal's Universal Records rather than sell the Bad Boy label he says is worth $100 million, the partners said on Thursday.
The three-year deal leaves Universal paying marketing and promotion costs and giving Combs an undisclosed upfront fee, which analysts saw as a way for the producer of such hit acts as Faith Evans and the late Notorious B.I.G. to get the backing of the biggest record maker without selling his own company in a down market.
Terms of the deal were not disclosed and industry sources gave conflicting accounts. One source said Universal had paid the producer a few million dollars up front and committed to $10 million in marketing and promotion over three years.
Another said the deal could be worth up to $75 million to Combs, formerly known as Puff Daddy. [Reuters]
- In June he bought back control of Bad Boy for an undisclosed sum, ending a 10-year 50-50 joint venture with Bertelsmann AG's Arista.
"I wasn't going out there searching or begging for that number. I just went for the best deal," he said. "Because of where the marketplace is at, I had to take my time. At the end of the day I got what I wanted.
"What we are doing is black history right here," he said. "I retain 100 percent ownership. I just pay a distribution fee and get promotion."
- P. Puffy Diddy Daddy Deals
- Published: February 08, 2003
- Type:
- Section: Music
- Filed Under: Music: News, Music: Rap
- Writer: Eric Olsen
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Comments on this articleComments
hi how r u. I leave in london.]
IM trying to do something in my life,
I wanna work hard to get a nice future.
So I wanna get in touch with p diddy.
I know thats not easy, but I hope that he can help me. I wanna sing with him.
I wanna be a part of him band. I can send my pict, even I wanna try to be a model. I know that My english is bad.
I just moved now to london, I used to leave in holland.
I hope you can send me some more information. xxxx salma
we wanna be part of your bad boy records we sing really good we been singer since we were little kids plz plz plz diddy put us in your records than
send us some information
thanz again
Hi P.Diddy!
Iam from Germany and i like you.
Iam 12 years old.
I watch everyday, Making the Band thants cool.
Your music is perfact. =)
Okay thats it is!
Bye bye Diana
So I wanna get in touch with p diddy
HeY P.Diddy i wanna let you kno that ive trying to be singer all my life and i see that you help people like me so i was wondering if you can contact me and i kno thats gonna be very hard but i willing to do anything. i love to sing hip pop and R&B. i have a beautiful voice. i wanna be the first chaldean American singer Out their well i hope u get chance to read this thanks for listening hunnie
XOXO Hollya
Hi Mr.Combs! Here's one of your biggest fans. I'm Pedro Mendes with 22 year old, also know as PDL and I'm trying to start develop my career the way that you've done. I also design clothes and I wanna create my own line cause I'm really good, but I have music as my big passion. Actually most of people used to say that me and you, we really look like each other physically. In this case, I look like you cause you "arrived" first. Is really weird but that's true. Anyway, I'm living in London desperate for the oportunity to start my musical career in America as an RnB singer. But as I'm here at my own, I have to do some savings first and then, do the big jump investing on me. Wish you could help me but maybe it's almost impossible cause there's plenty of guys asking for the same. Anyway I ain't gonna quit to do my thing! I'll keep strugglin at my own willing that one day we'll be enjoying together. One love big man...
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how much is puffy worth a year