Chance The Rapper is reportedly turning down generous offers from record labels.
Since his historic win at the 2017 Grammy Awards, Chance The Rapper has had more offers than ever, according to sources. The New York Post reports that the Chi-Town emcee is turning down $10 million in offers from record labels.
It would seem Lil Chano would rather stay independent. One insider told the NY Post, “Every label is still trying to get him. He’s making too much on his own … He was turning down $5 million advances before, and now it’s like $10 million.”
Despite being unsigned, Chance's streaming-only album Coloring Book won Best Rap Album, Best Rap Performance, and Best New Artist at the Grammys. The source added, “He may do something with Apple, but not a label per se … He is going to remain independent.”
Chance explained in an interview with Vanity Fair that he makes "money from touring and selling merchandise."
"And I honestly believe if you put effort into something and you execute properly, you don’t necessarily have to go through the traditional ways," he added.