1 00:00:00,040 --> 00:00:03,600 Speaker 1: An illegal alien from Guatemala charged with raping a child 2 00:00:03,680 --> 00:00:07,480 Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador 3 00:00:07,720 --> 00:00:11,840 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 4 00:00:11,920 --> 00:00:15,840 Speaker 1: filming and selling child pornography in Michigan. These are just 5 00:00:15,920 --> 00:00:19,680 Speaker 1: some of the heinous migrant criminals caught because of President 6 00:00:19,720 --> 00:00:23,320 Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States 7 00:00:23,320 --> 00:00:28,120 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 8 00:00:28,160 --> 00:00:31,680 Speaker 1: crossings are at the lowest levels ever recorded, and over 9 00:00:31,760 --> 00:00:34,960 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 10 00:00:35,040 --> 00:00:38,920 Speaker 1: are here illegally, your next you will be fined nearly 11 00:00:39,000 --> 00:00:43,000 Speaker 1: one thousand dollars a day, imprisoned, and deported. You will 12 00:00:43,040 --> 00:00:46,680 Speaker 1: never return. But if you register using our CBP home 13 00:00:46,720 --> 00:00:50,120 Speaker 1: app and leave now, you could be allowed to return legally. 14 00:00:50,479 --> 00:00:55,240 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 15 00:00:55,400 --> 00:00:57,840 Speaker 1: border and families will be protected. 16 00:00:57,920 --> 00:01:00,120 Speaker 2: Sponsored by the United States Department of Homeland Security. 17 00:01:00,400 --> 00:01:03,080 Speaker 3: All right, guys, welcome back, e y l we on 18 00:01:03,080 --> 00:01:06,000 Speaker 3: the West Coast. This is gonna be something that's gonna 19 00:01:06,000 --> 00:01:09,080 Speaker 3: be a very exciting, legendary situation, something I actually been 20 00:01:09,080 --> 00:01:11,479 Speaker 3: looking forward to for a while. So first I got 21 00:01:11,520 --> 00:01:14,039 Speaker 3: a shout out his brother, but my brother as well, 22 00:01:14,120 --> 00:01:18,560 Speaker 3: Christ Legend. I met Chris. Everybody knows the story and 23 00:01:19,360 --> 00:01:22,440 Speaker 3: ever since we met, we always tapped in and uh, 24 00:01:22,840 --> 00:01:24,840 Speaker 3: Chris one of the best storytellers of all time. 25 00:01:25,880 --> 00:01:26,240 Speaker 4: Crazy. 26 00:01:26,240 --> 00:01:28,720 Speaker 3: I told Angie that, and she was like, Earv is 27 00:01:28,760 --> 00:01:29,679 Speaker 3: a better storyteller than. 28 00:01:29,640 --> 00:01:35,479 Speaker 5: Christ stories because he's way like his stories immaculate. 29 00:01:37,080 --> 00:01:43,560 Speaker 3: Yeah, so Irv Gotti really needs no introduction but pioneer 30 00:01:43,680 --> 00:01:47,400 Speaker 3: in the space. But somebody who's been able to reinvent himself. 31 00:01:47,920 --> 00:01:49,520 Speaker 3: I don't think it gets enough credit for that. So 32 00:01:49,760 --> 00:01:53,800 Speaker 3: obviously one of the biggest musical music moguls Murder Inc. 33 00:01:54,600 --> 00:01:59,360 Speaker 3: And then actually transitioned to the media side with Tales 34 00:02:00,040 --> 00:02:03,800 Speaker 3: on the Game TV and recently changed the game again 35 00:02:03,960 --> 00:02:07,280 Speaker 3: when he sold his Masters for one hundred million. So 36 00:02:07,360 --> 00:02:10,000 Speaker 3: there's actually a lot to talk about because that Masters 37 00:02:10,000 --> 00:02:14,519 Speaker 3: conversation is really really exciting prevalent. A lot of people 38 00:02:14,680 --> 00:02:16,639 Speaker 3: have different takes on it. I think Future just sold 39 00:02:16,639 --> 00:02:17,160 Speaker 3: this Master. 40 00:02:18,520 --> 00:02:22,440 Speaker 5: Litl Wayne did it, Future Legend Legend The Future got 41 00:02:22,480 --> 00:02:26,240 Speaker 5: like sixty seven justin Justin Timberlake did Timberlate. 42 00:02:26,360 --> 00:02:28,240 Speaker 6: Yeah, we keep seeing it, but it's like what does 43 00:02:28,280 --> 00:02:28,880 Speaker 6: it really mean? 44 00:02:29,040 --> 00:02:32,280 Speaker 4: Like all the details and all that, so what should means? 45 00:02:32,400 --> 00:02:34,359 Speaker 5: Yeah, I think like when people saw it, like they 46 00:02:34,360 --> 00:02:38,000 Speaker 5: saw Timberlake do it, and obviously they saw Wayne we 47 00:02:38,080 --> 00:02:38,680 Speaker 5: got a bag. 48 00:02:39,160 --> 00:02:41,400 Speaker 6: Well that we know that, people are just like wait, huh, 49 00:02:41,840 --> 00:02:45,040 Speaker 6: why they're doing it? So it's just because the bad Because. 50 00:02:46,919 --> 00:02:48,880 Speaker 3: We're gonna have a through conversation. But first and Foremo, 51 00:02:48,919 --> 00:02:50,920 Speaker 3: thank you for joining us. Appreciate it. 52 00:02:51,200 --> 00:02:54,000 Speaker 4: Happy to be here, you guys. Jesus and Moses. 53 00:02:54,800 --> 00:02:55,560 Speaker 3: That's what they say. 54 00:02:55,600 --> 00:02:59,200 Speaker 4: We're on the street. Jesus and Moses. 55 00:02:59,200 --> 00:03:02,040 Speaker 3: On the street. So let's lie, let's start. I want 56 00:03:02,040 --> 00:03:04,160 Speaker 3: to start with this. We might fust start with this 57 00:03:04,320 --> 00:03:07,360 Speaker 3: one hundred million dollars for selling your masters, right, yeah, 58 00:03:07,400 --> 00:03:10,640 Speaker 3: so walk us through that process because you told it 59 00:03:10,680 --> 00:03:13,600 Speaker 3: to us when we first met. As an interesting story 60 00:03:13,639 --> 00:03:16,040 Speaker 3: how that even came about because I wasn't on your radar, No, 61 00:03:16,200 --> 00:03:18,480 Speaker 3: so talk about how that was even on your radar, Well, it. 62 00:03:18,520 --> 00:03:19,280 Speaker 4: Was on my radar. 63 00:03:19,480 --> 00:03:22,680 Speaker 7: Was making the film and I needed five million dollars 64 00:03:22,680 --> 00:03:26,960 Speaker 7: to make a film. So I wanted to raise the 65 00:03:27,000 --> 00:03:30,760 Speaker 7: money because the people I was asking that I thought 66 00:03:30,800 --> 00:03:33,720 Speaker 7: would just loan me to five million, was asking for 67 00:03:33,800 --> 00:03:34,760 Speaker 7: fifty percent of my. 68 00:03:35,440 --> 00:03:38,040 Speaker 6: Real friends for five million, good friends. 69 00:03:38,120 --> 00:03:39,880 Speaker 7: I'm telling them this is going to be a multi 70 00:03:39,960 --> 00:03:42,360 Speaker 7: billion dollar company. They give me five million, they want 71 00:03:42,400 --> 00:03:46,920 Speaker 7: fifty percent. I was like, I'm not getting jerked right. 72 00:03:47,000 --> 00:03:49,880 Speaker 7: So people told me, they said, oh, if you got 73 00:03:49,920 --> 00:03:55,280 Speaker 7: the money, just use your masters as leverage. So that's 74 00:03:55,280 --> 00:03:57,320 Speaker 7: what I did. I did a deal with this company 75 00:03:57,360 --> 00:04:01,360 Speaker 7: called Sound Royalties, and they get me five million dollars. 76 00:04:02,160 --> 00:04:06,200 Speaker 7: I had to give them a big interest rate. I 77 00:04:06,200 --> 00:04:08,200 Speaker 7: had to pay him back like six million. 78 00:04:09,120 --> 00:04:10,520 Speaker 3: Six million for five million. 79 00:04:10,680 --> 00:04:12,960 Speaker 4: Yeah, it's like a loan shark. Yeah it was. It 80 00:04:13,000 --> 00:04:18,360 Speaker 4: was shylocked. It was shylocked. It was shylock raised definitely. 81 00:04:19,160 --> 00:04:22,880 Speaker 7: Uh, But I didn't care because I had a situation 82 00:04:23,000 --> 00:04:26,800 Speaker 7: set up with Paramount and Bob Backage that I felt 83 00:04:26,920 --> 00:04:29,360 Speaker 7: very strong that if I made the movie for five 84 00:04:29,400 --> 00:04:34,200 Speaker 7: I would get back seven to ten. So if you 85 00:04:34,279 --> 00:04:36,359 Speaker 7: know me, once I once I want to do something, 86 00:04:36,520 --> 00:04:39,800 Speaker 7: I'm doing it right. There's no looking back. I got 87 00:04:39,839 --> 00:04:42,719 Speaker 7: a tunnel vision. I don't give a fuck I'm going 88 00:04:44,320 --> 00:04:48,279 Speaker 7: So basically, when I did that, the word got out 89 00:04:48,480 --> 00:04:53,000 Speaker 7: that I'm doing shit with my masters. Zach Harrwitz, great friend, 90 00:04:53,000 --> 00:04:57,159 Speaker 7: of mine. He was the COO of the Universal Music 91 00:04:57,200 --> 00:05:01,760 Speaker 7: Group and he called me and he's like, you want 92 00:05:01,760 --> 00:05:05,440 Speaker 7: to sell your masters? I said, well, I borrowed money 93 00:05:05,480 --> 00:05:08,000 Speaker 7: against it. I ain't selling them. He said, but what 94 00:05:08,000 --> 00:05:11,599 Speaker 7: do you want it? I said, well, if the price 95 00:05:11,680 --> 00:05:14,960 Speaker 7: is right, I said, I want to make TV and 96 00:05:15,000 --> 00:05:17,200 Speaker 7: film and I want to own it. I want to 97 00:05:17,240 --> 00:05:18,960 Speaker 7: have the money to pay for it to own it. 98 00:05:20,839 --> 00:05:24,680 Speaker 7: He said, this is this guy, Olivier Chastin. He he 99 00:05:24,720 --> 00:05:29,240 Speaker 7: pays the most for masters, and he plugged me with him. 100 00:05:29,720 --> 00:05:32,719 Speaker 7: As soon as I'm at Olivier, it was like a 101 00:05:32,760 --> 00:05:38,760 Speaker 7: love fest, and he gave me a like twenty seven X. 102 00:05:38,800 --> 00:05:43,200 Speaker 7: He gave me a big multiple for my masters. So 103 00:05:43,240 --> 00:05:46,840 Speaker 7: I took the deal and took the money right. 104 00:05:49,400 --> 00:05:51,640 Speaker 5: This episode is brought to you by P and C Bank. 105 00:05:52,040 --> 00:05:54,800 Speaker 5: A lot of people think podcasts about work are boring, 106 00:05:55,000 --> 00:05:58,880 Speaker 5: and sure, they definitely can be, but understanding a professional's 107 00:05:58,960 --> 00:06:02,200 Speaker 5: routine shows us they achieve their success little by little, 108 00:06:02,560 --> 00:06:06,240 Speaker 5: day after day. 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Let's square handle the back end so you 135 00:07:35,800 --> 00:07:37,440 Speaker 5: can keep pushing your vision forward. 136 00:07:39,640 --> 00:07:43,280 Speaker 1: An illegal alien from Guatemala charged with raping a child 137 00:07:43,360 --> 00:07:47,160 Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador 138 00:07:47,400 --> 00:07:51,520 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 139 00:07:51,600 --> 00:07:55,480 Speaker 1: filming and selling child pornography in Michigan. These are just 140 00:07:55,600 --> 00:07:59,360 Speaker 1: some of the heinous migrant criminals caught because of President 141 00:07:59,360 --> 00:08:03,560 Speaker 1: Donald Trump's leadership. I'm Christy Noman, the United States Secretary 142 00:08:03,600 --> 00:08:08,360 Speaker 1: of Homeland Security. Under President Trump, attempted illegal border crossings 143 00:08:08,400 --> 00:08:11,560 Speaker 1: are at the lowest levels ever recorded, and over one 144 00:08:11,680 --> 00:08:14,880 Speaker 1: hundred thousand illegal aliens have been arrested. If you are 145 00:08:14,960 --> 00:08:18,880 Speaker 1: here illegally, your next you will be fine nearly one 146 00:08:18,920 --> 00:08:23,480 Speaker 1: thousand dollars a day, imprisoned and deported. You will never return. 147 00:08:23,800 --> 00:08:26,800 Speaker 1: But if you register using our CBP home app and 148 00:08:26,920 --> 00:08:30,240 Speaker 1: leave now, you could be allowed to return legally. Do 149 00:08:30,360 --> 00:08:35,480 Speaker 1: what's right. Leave now. Under President Trump, America's laws, border 150 00:08:35,679 --> 00:08:37,520 Speaker 1: and families will be protected. 151 00:08:37,600 --> 00:08:39,760 Speaker 2: Sponsored by the United States Department of Homeland security. 152 00:08:39,840 --> 00:08:44,680 Speaker 7: Then where he got his money from or the company 153 00:08:44,720 --> 00:08:50,640 Speaker 7: that he's partnered with is this company called Pimco, Pimco. 154 00:08:49,880 --> 00:08:52,000 Speaker 4: Giant Financial Giant. 155 00:08:53,320 --> 00:08:58,280 Speaker 7: So he put me on to Ben Frishman. So we're 156 00:08:58,280 --> 00:09:02,280 Speaker 7: sitting there at a meet and you know, they buying 157 00:09:02,320 --> 00:09:04,439 Speaker 7: my masses. So Ben was like, so, why why are 158 00:09:04,440 --> 00:09:07,600 Speaker 7: you selling your masses? If you might if, he said, 159 00:09:07,600 --> 00:09:10,240 Speaker 7: if I could ask you, And I said, well, I'm 160 00:09:10,280 --> 00:09:14,560 Speaker 7: selling my past to ignite my future. I said, I 161 00:09:14,600 --> 00:09:18,360 Speaker 7: want to pay for my own TV series, pay for 162 00:09:18,400 --> 00:09:21,319 Speaker 7: my own films, so I could own it one hundred 163 00:09:21,360 --> 00:09:24,959 Speaker 7: percent and build that catalog up, just how I built 164 00:09:25,000 --> 00:09:32,760 Speaker 7: my music catalog. He said, well, I'll give you two 165 00:09:32,840 --> 00:09:42,200 Speaker 7: hundred million, to which I'm like, you know, coming from 166 00:09:42,200 --> 00:09:45,360 Speaker 7: where I come from, the nigga, say you're giving you 167 00:09:45,360 --> 00:09:50,280 Speaker 7: two hundred million. So my immediately response was like, it's 168 00:09:50,320 --> 00:09:52,319 Speaker 7: what you want, like fifty percent of my company? 169 00:09:53,320 --> 00:09:59,319 Speaker 4: Oh, eighty percent. He's like, nah, I don't want nothing. 170 00:10:00,120 --> 00:10:02,480 Speaker 7: I just want whatever money that you borrow from me 171 00:10:03,360 --> 00:10:04,880 Speaker 7: pay me back eight percent. 172 00:10:06,240 --> 00:10:11,000 Speaker 4: Said that's it, that's it. I couldn't believe it. 173 00:10:11,960 --> 00:10:15,640 Speaker 7: Man was all from me a two hundred million line 174 00:10:15,640 --> 00:10:20,520 Speaker 7: of credit and didn't want a percentage in my company. 175 00:10:20,600 --> 00:10:23,160 Speaker 7: So he said, you know, you don't have to spend 176 00:10:23,200 --> 00:10:26,240 Speaker 7: that hundred for your mask. He's like, we'll give you 177 00:10:26,280 --> 00:10:34,000 Speaker 7: the money to make your product. I said, cool. So 178 00:10:34,320 --> 00:10:41,080 Speaker 7: you know, it's really a dope story because it's a 179 00:10:41,080 --> 00:10:41,640 Speaker 7: story of. 180 00:10:43,679 --> 00:10:45,360 Speaker 4: I really it fell in my lap. 181 00:10:46,800 --> 00:10:48,880 Speaker 5: The story, I mean, the way you tell it, and 182 00:10:49,000 --> 00:10:50,720 Speaker 5: like I said, when we first met you actually you know, 183 00:10:50,920 --> 00:10:52,640 Speaker 5: gave us a breath to it. But if it feels 184 00:10:53,320 --> 00:10:55,680 Speaker 5: like this is how's this even happen? And how unbelievable 185 00:10:55,760 --> 00:10:58,280 Speaker 5: is this? Can you talk about the contrast into the 186 00:10:58,280 --> 00:11:01,280 Speaker 5: industry that you came from, where deals weren't structured like that? 187 00:11:01,480 --> 00:11:04,080 Speaker 4: Oh no, just trying to like siga entity where I 188 00:11:04,120 --> 00:11:04,520 Speaker 4: came from. 189 00:11:04,520 --> 00:11:06,960 Speaker 7: If a nigga offered me two hundred million, he probably 190 00:11:06,960 --> 00:11:08,880 Speaker 7: wanted ninety nine percent of my company. 191 00:11:09,520 --> 00:11:10,160 Speaker 4: You know what I'm saying. 192 00:11:10,240 --> 00:11:14,160 Speaker 7: It's like, so the whole process of what happened, I 193 00:11:14,200 --> 00:11:17,320 Speaker 7: got to give it up to God, and God just 194 00:11:17,360 --> 00:11:20,000 Speaker 7: blessed me because I can't explain it. 195 00:11:20,880 --> 00:11:22,480 Speaker 4: So let's let's break this down a little. Because you 196 00:11:22,480 --> 00:11:23,840 Speaker 4: said a twenty seven x multiple. 197 00:11:23,880 --> 00:11:26,600 Speaker 3: So this is important people to understand because a lot 198 00:11:26,640 --> 00:11:28,760 Speaker 3: of times people aren't fully educated, so they're like, yo, 199 00:11:29,160 --> 00:11:32,360 Speaker 3: they're looking at music, like, don't sell your music because 200 00:11:33,040 --> 00:11:34,959 Speaker 3: you're not going to have a legacy for your children. 201 00:11:35,040 --> 00:11:37,760 Speaker 3: But when we went in London, DJ he explained it 202 00:11:37,800 --> 00:11:39,160 Speaker 3: to us. I never really thought about it like this. 203 00:11:39,240 --> 00:11:41,880 Speaker 3: He was like, it's like a startup company. Like when 204 00:11:41,880 --> 00:11:46,880 Speaker 3: Elon Musk sells PayPal for two hundred million. Nobody criticized 205 00:11:46,960 --> 00:11:49,880 Speaker 3: him for doing that because he used that money to 206 00:11:50,000 --> 00:11:53,320 Speaker 3: fund SpaceX and Tesla and now he's the richest person 207 00:11:53,360 --> 00:11:55,320 Speaker 3: in the world. He's about to be a trillionaire. So 208 00:11:55,720 --> 00:11:57,800 Speaker 3: he was like, you could look at up music catalog 209 00:11:58,040 --> 00:12:00,480 Speaker 3: just like that. It's like you're selling a company for 210 00:12:01,160 --> 00:12:03,640 Speaker 3: it's a liquidation event. You get a lump sum of 211 00:12:03,720 --> 00:12:07,400 Speaker 3: money as opposed to getting residual amount of money and 212 00:12:07,440 --> 00:12:07,920 Speaker 3: not that long. 213 00:12:09,400 --> 00:12:11,280 Speaker 4: Do you take the hundreds or do you take four 214 00:12:11,320 --> 00:12:13,120 Speaker 4: million a year for thirty years. 215 00:12:13,160 --> 00:12:16,040 Speaker 3: It's like a lot of exactly, yeah, which money you take? 216 00:12:16,280 --> 00:12:16,640 Speaker 6: The kids? 217 00:12:17,640 --> 00:12:18,400 Speaker 4: And there is the thing. 218 00:12:18,520 --> 00:12:24,080 Speaker 7: If I'm retiring, maybe the four million is good, but 219 00:12:24,120 --> 00:12:27,440 Speaker 7: I'm not retiring my mind. I got other things that 220 00:12:27,520 --> 00:12:30,040 Speaker 7: I'm trying to do where I could use that hundred 221 00:12:30,480 --> 00:12:32,680 Speaker 7: But look, doing that deal for the hundred, it bounced 222 00:12:32,720 --> 00:12:35,400 Speaker 7: into the two hundred, and then. 223 00:12:35,280 --> 00:12:37,200 Speaker 3: So the two hundred that's a lot of so the 224 00:12:37,240 --> 00:12:39,720 Speaker 3: same company. The hundred is upfront, they gave it to you. 225 00:12:39,760 --> 00:12:41,559 Speaker 3: That's money in the bank. The two hundred is a 226 00:12:41,600 --> 00:12:43,880 Speaker 3: lot of credit. Essentially, it's like a credit card. I 227 00:12:43,920 --> 00:12:45,760 Speaker 3: ain't got to use my hundred when. 228 00:12:45,559 --> 00:12:46,960 Speaker 4: You use the two hundred, as long as you. 229 00:12:47,120 --> 00:12:49,160 Speaker 7: Get agg I just when I said, I told your 230 00:12:49,160 --> 00:12:52,560 Speaker 7: tails Latin so Olivia is like, he's like, how much 231 00:12:52,600 --> 00:12:53,120 Speaker 7: is it gonna be? 232 00:12:53,160 --> 00:12:57,600 Speaker 4: As maybe two million? In that twenty million, he's gonna 233 00:12:57,600 --> 00:12:58,080 Speaker 4: give it to me. 234 00:13:00,040 --> 00:13:03,840 Speaker 7: I'll be part of probably the line of credit twenty million, 235 00:13:03,960 --> 00:13:09,240 Speaker 7: which I got to give them back eight percent. Let's 236 00:13:09,240 --> 00:13:13,200 Speaker 7: all die because once I make it, I'm gonna sell 237 00:13:13,240 --> 00:13:16,960 Speaker 7: it for more to a streamers company and then but 238 00:13:18,080 --> 00:13:18,960 Speaker 7: I own it now. 239 00:13:20,320 --> 00:13:20,880 Speaker 4: I own it. 240 00:13:27,679 --> 00:13:31,280 Speaker 1: An illegal alien from Guatemala charged with raping a child 241 00:13:31,360 --> 00:13:35,120 Speaker 1: in Massachusetts. An MS thirteen gang member from El Salvador 242 00:13:35,400 --> 00:13:39,560 Speaker 1: accused of murdering a Texas man of Venezuelan charged with 243 00:13:39,600 --> 00:13:43,520 Speaker 1: filming and selling child pornography in Michigan. These are just 244 00:13:43,600 --> 00:13:47,360 Speaker 1: some of the heinous migrant criminals caught because of President 245 00:13:47,400 --> 00:13:50,920 Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States 246 00:13:51,000 --> 00:13:55,800 Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border 247 00:13:55,840 --> 00:13:59,360 Speaker 1: crossings are at the lowest levels ever recorded, and over 248 00:13:59,440 --> 00:14:02,640 Speaker 1: one hundred thousand illegal aliens have been arrested. If you 249 00:14:02,720 --> 00:14:06,559 Speaker 1: are here illegally, your next you will be fine nearly 250 00:14:06,679 --> 00:14:10,680 Speaker 1: one thousand dollars a day, imprisoned and deported, you will 251 00:14:10,720 --> 00:14:14,360 Speaker 1: never return. But if you register using our CBP home 252 00:14:14,400 --> 00:14:17,800 Speaker 1: app and leave now, you could be allowed to return legally. 253 00:14:18,160 --> 00:14:22,840 Speaker 1: Do what's right. Leave now. Under President Trump, America's laws, 254 00:14:23,080 --> 00:14:25,520 Speaker 1: border and families will be protected. 255 00:14:25,600 --> 00:14:27,760 Speaker 2: Sponsored by the United States Department of Homeland Security,