The candidate for the US presidential election 2020, Kanye West, has stated that now he desires to buy the “Universal Music Group” with his £25billion.
The statement came after Kanye has suggested some new guidelines for publishing and recording deals of the music industry, maters, right issues, and discussing contracts in the future in the music industry to advocate for all artists for fairer treatments.
In his podcast interview with Joe Rogan, Kanye said: “I’m going to buy Universal.”
He further continued: “I was thinking about buying my masters [but] I realised that was too small of a thought. I’m going to buy Universal.”
“[Universal is] only a $33bn organization. I’m one of the greatest product producers that ever existed. And I’m a child; I’m 43 years old. I was $53m in debt four years ago. Now it’s proven that I’m the new Michael Jordan of products.”
During an Interview with Billboard, Kanye said he is “doing whatever is necessary so artists own their own copyrights.”
“Everyone knows this is a broken system that needs to be fixed.”
He added: “Currently, artists take advances to make records and yet when they repay those advances the record company still owns the records. Imagine a bank lending you money to buy a house and then when you’ve repaid that mortgage, them telling you they still own it.”