Gucci Mane Announces $10 Million Extension With Atlantic Records
After announcing in September his plans to hop on the independent circuit in 2018 once his deal with Atlantic Records was up, Gucci Mane has reneged on his ambitious goals and will stay put at his home label.
On Wednesday (Nov. 8), Guwop announced his hefty new extension with Atlantic Records, which will pay him a whopping $10 million. "Thank You @AtlanticRecords for the 10 million dollar extension #ELGATOTheHumanGlacier I appreciate It sincerely," he wrote in a tweet. Gucci's sudden change of heart comes after he vowed to go independent and release a mixtape every other day last September: "2018 I'm going 100 percent independent and dropping a mixtape every other day [----♂️] #MrDavisTheAlbum."
For Gucci, he's fresh off his newly-released album Mr. Davis, which boasted appearances from marquee artists including The Weeknd, Nicki Minaj, Chris Brown, Ty Dolla $ign and more. The album performed admirably on the Billboard 200 during its opening week, selling over 70,000 copies and earning the No. 1 spot on both the Top R&B and Hip-Hop charts and the Top Rap charts.
Following the release of Mr. Davis, Gucci announced his 12th album via Twitter, titled El Gato the Human Glacier. "I'm naming my next album #El Gato the #HumanGlacier I wanna make 10 mo million for my honeymoon #1017 #MrDavisTheAlbum," he tweeted last month.
Billboard reached out to Atlantic Records for comment.