Morrocan-American rapper, French Montana, has fumed over the reckless life policies put on artists by record labels that suffocate their careers.
Record labels, he claims, are doing more than just signing artists these days.
French Montana revealed on DJ Akademiks’ “Off the Record” podcast that labels have begun to take out life insurance policies on their signees due to the increase in deaths.
“We were really beefing. People were dying and stuff like that. It was preventing a large amount of money from being transferred. People didn’t want to touch you,” said Montana, whose independent album Montega was released last month. “When someone is shot, your rap friends stop picking up.” The label has stopped picking up. It gets out of hand.”
In recent years, there have been a number of high-profile killings in hip-hop, including Nipsey Hussle, Drakeo the Ruler, Young Dolph, King Von, and Trouble. As the death toll has risen, the labels have turned to their own life insurance policies.
“It’s even crazier now that they’re getting life insurance on artists.” At the very least, we didn’t have that back then,” French added.
When Akademiks asked if the labels are “signing an artist in good faith” by purchasing a life insurance policy, French responded that it’s just another way for them to profit.
“You’re exploiting his death,” he said. “You’re hoping to make millions off his death.”
He did, however, agree that they are also being realistic. “You’re supposed to have life insurance anyway, but when the label does it, not having one is insane.”
In a recent interview with “The Breakfast Club,” French also discussed his role in putting an end to the feud between Diddy and Drake. They both arrived at his birthday party on a yacht without knowing the other would be there.
“They’re both my best friends, so I was like, ‘Y’all need to kill that,'” he recalled. “I’m glad they didn’t know each other was coming to the party… And they were good friends before that, so when they arrived, they just sat down and talked the entire night. And I say, ‘You see? ‘You were best friends to begin with.'”