Gucci is not pleased with his label performance
Gucci Mane has trimmed down the roster of his 1017 Records label and has released almost all the artists except for two.
He made this known in a video posted on Instagram on October 18 saying that he wanted to speak about this on 10/17 but failed to do so.
In the clip, Gucci mentioned that he was unhappy with the outcomes after going through his record label’s latest P&L report (Profit & Loss statement).
“I just seen my P&L with all my artists,” Gucci said. “You know it’s a whole shit show in the industry right now, but when I’m looking at my P&L, and me being a businessman, I think that I’m going to have to release almost all my artists, except for Pooh Shiesty and Foogiano.
“This is a decision I didn’t want to make. I thought about it. I could keep all of them under the contract. But I said hey, fuck it. Let’s just make the unselfish decision, and let them take they talents elsewhere.”