But first, let me sign a million dollar deal.
Actually, make that two million dollar deals. Billboard reports that The Chainsmokers, the devious duo behind the tongue-in-cheek #1 hit #Selfie, have just signed two deals with Sony/ATV and Republic Records believed to be worth $1 million each.
Billboard’s story sheds some light on the events leading up to the success of #Selfie and the career-changing deals for the duo.
Sony/ATV chairman/CEO Martin Bandier and his team had been keeping an eye on the EDM act for some months. But neither Bandier’s team — nor Republic Records, which had signed The Chainsmokers a few weeks before the publisher’s deal — expected “#Selfie” to blow up as big and as fast as it did.
“We were already in talks but this added whipped cream to the cake,” says Bandier. “It made us add a little more money to the deal. I do mean a little.” Sony/ATV isn’t talking about the terms, but it’s believed to be worth over $1 million, according to a person familiar with the terms.
#Selfie has over 100 million views on YouTube and, according to Nielsen SoundScan, has been downloaded over 725,000 times. Billboard estimates the song has earned more than $2 million. Not so bad for a “joke” song, eh?