Monday, December 20, 2010

Hip-hop, money and politics are practically inextricable from each other.

In "The Big Payback: The History of the Business of Hip-Hop," author Dan Charnas traces how rap grew from its obscure roots in the ghettos of 1970s New York to its culmination as the world's predominant youth pop culture and a multibillion-dollar industry. The event that epitomized just how far hip-hop had come was the headline-grabbing partnership between the rapper 50 Cent and the upstart beverage company Glaceau, the maker of Vitaminwater. It may well have been the biggest deal in hip-hop history, propelling 50 Cent's personal net worth toward a half-billion dollars. In this excerpt, Charnas outlines how it happened. By the summer of 2003, 50 Cent's debut album, "Get Rich or Die Tryin'," had sold more than 5 million copies, and he was easily on his way to becoming a multimillionaire on these sales alone. But the rapper from Queens, who was born Curtis Jackson and had begun his career on the reputation of being shot nine times (a bullet was still lodged in his tongue), wasn't content to remain a recording artist. And his young manager, Chris Lighty, himself a Bronx street kid turned businessman, was well-positioned to exploit 50's stardom by creating multiple income streams. Lighty had come out of the Def Jam fold and managed such stars as Missy Elliott and LL Cool J. With Lighty, 50 Cent created the "G-Unit" brand, including a record company, a clothing company and a sneaker deal with Reebok's RBK line. The G-Unit Clothing Company was a joint-venture deal, with hip-hop-influenced designer Marc Ecko fronting the money, handling the manufacturing and distribution, and splitting the profits fifty-fifty with 50.
Read the full Dan Charnas article out of the Washington Post, here. A Chicago Tribune blog had this to say about the author and book:
Those who lament how money has sucked the creativity out of hip-hop haven’t been paying attention, Charnas argues. He says hip-hop has always been about finding a way to get paid, an art form that was driven by economic aspiration from the get-go, and proud of it (which made it not much different from rock ‘n’ roll). Like blues before it, hip-hop was basically a form of folk music, a community talking to itself through music made with readily available instruments. In the case of hip-hop, those instruments weren’t guitars but turntables and microphones. DJs honed in on key parts of dance records – break beats – and MC’s toasted or rapped over them at parties in parks, clubs and recreation centers. Out of these celebrations in the South Bronx and other destitute areas of New York City an intricate urban culture emerged that also encompassed break-dancing and graffiti art.
Read the Chicago Tribune article, here. Charnas contributed to this list of the biggest deals in hip-hop; see the list here. NPR's All Things Considered recently aired this broadcast on the author, the book, and the topics on the whole. See also: Can't Stop Won't Stop: A History of the Hip-Hop Generation, Book of Rhymes: The Poetics of Hip Hop, The Hip Hop Wars: What We Talk About When We Talk About Hip Hop--and Why It Matters

No comments:

Post a Comment