Neon Money Club pulled up fresh from attending the 65th Annual Grammy Awards to put us on game by merging investment education with music. — In 2020, Roddy Ricch had the most played song on Apple Music with 455 million streams. Apple Music only pays $0.01 per stream, which means Ricch made an estimated $4.5 million from Apple Music that year. But what if the streaming service paid him in Apple stocks instead of cash? Let’s find out. “You don’t have to be an investment professional to spot value.” Apple’s stock price was $79 per share in 2020. Therefore, Roddy Ricch would’ve gotten 57,500 shares. That same stock is worth $152, as of this writing, which means his $4.5 million would’ve nearly doubled to $8.6 million. If Roddy had made a similar move with Spotify, he would’ve lost money instead. But unlike Spotify, streaming isn’t Apple’s only business (iPhone, AppleTV+, Macbook, etc.), and this is where common sense analysis (a.k.a. Good Taste) is useful. You don’t have to be an...
Feb 6, 2023
Is Yo Gotti trying to put more artists on game? Following the 64th annual Grammy Awards, it appears rapper Yo Gotti was left with some food for thought. The “Rake It Up” rapper took to Instagram revealing he wants to help other artists get the recognition they deserve, through the expansion of Collective Music Group (CMG). It appears a management division is already in the works. “I just left the Grammys and I figured something out,” Yo Gotti said to his nearly six million followers on Instagram. “I ain’t see enough of the artists we worked with or artists I feel like should be a part of this shit whether it be performing or winning awards… Long story short, I came up with a new idea — a new hustle — From now on, I’m finna start managing artists. It’s a lot of people I think should be at the Grammy’s and other sh*! too. I want to start with two or three artists.” View this post on Instagram A post shared by Yo Gotti (@yogotti)
Apr 6, 2022