Friday, April 29th, 2011 at 11:57 am
So since Tip has been locked up there have been a lot of questions about what Grand Hustle has been up to. There have even been some rumors that the label was dismantled. Basically the music business is in a different place, and Grand Hustle is in a different place. Billboard caught up with Jason Geter, co-CEO of Grand Hustle and he had the following to say:
“Number one, Grand Hustle is definitely not dismantled, we unfortunately did downsize [on staff] and relocate. We’re doing business, just in a lighter way. A smarter way, due to our current situation,” says Geter.
“We don’t have much business to do, not much going on, why pay people when unfortunately there’s not much going on?” he continued. “Same thing that the major labels are doing, it’s no different. Supply and demand, at the end of the day. It’s just the way of the business.”
It’s been tough past few months for the Atlanta-based record label, and Geter isn’t denying it, “It’s no secret we’ve taken hits, back to back, with Tip’s absence [serving out his prison term].” Downsizing and relocating was the best move, he said, and one that was discussed with T.I. “We’re partners, we talk about everything, no matter if he’s in or he’s out. It’s Grand Hustle, so we communicate with one another.”
Something that was also interesting from the article is that Jason Geter is also now managing Pac Div. Geter also mentioned that Tip’s Akoo clothing line is doing well, and I believe him. I’m pretty sure Jeezy has a profitable clothing line out, and if Jeezy can do it…Tip can definitely do it.