It would appear that Skales will need to hack out N5bn to free himself of the 5-year contract he marked with Baseline Music.
As indicated by the new points of interest revealed in the N13m fraud petition filed by Baseline Music against the artist and his director, Osagie Osarenkhoe, the terms and states of Skales’ recording contract are truly stringent with restricting conditions that make it a long stroll of opportunity for the “Je ko mo” crooner.
One of such clause expresses that “The artiste may terminate this agreement prior to the expiration of the contract period by paying the company the sum of ten million pounds sterling.” The present day Naira estimation of 10 million pounds sterling equivalents N5bn.
The company is entitled to 70% of all income got by Skales from tours, albums, endorsements, during the period of the contract , furthermore claims all rights including copyrights to each recording made by Skales before and amid the contract.
As indicated by NET, sources affirmed Skales’ contract is worth N200m and however the record mark’s previous supervisor, Howie T did not give subtle elements then, he affirmed it to be about the greatest arrangement to be inked by a recording artiste in Nigeria.
“I cannot give you any specific figure because we don’t want other artistes to start running to us”, Howie T said at the time, “However what I can tell you is that the deal is worth hundreds of millions. It includes his new car, new house and total lifestyle package. We are changing his whole lifestyle. We don’t want to create any form of distraction by revealing any figures, but trust me it’s a huge deal, it’s about the biggest deal in the industry at the moment”.