Published Jan 21, 2010Ask anyone making music for a living and they'll tell you the same thing: record sales are down, and the future of the record label as a money-making entity is uncertain. While many labels are looking at new models to make ends meet, some record execs are looking to new industries to keep the cash a-flowin'.
Take, for example, rap moguls Bryan "Baby" Williams and Ronald "Slim" Williams. The Cash Money CEOs have long padded their cheque books by launching the careers of Lil Wayne, Young Buck, Currensy and many others, as well as Baby's work as Birdman. Now, the businessmen have launched a new company dealing in oil and gas.
As AllHipHop reports, the moguls have launched a company in purchasing and dealing in oil and gas reserves. They will be working in the United States and undisclosed areas of Central America. All in all, it sounds like a for-real business venture.
There are some hilarious aspects to the company, however. For one, the venture is called Bronald Oil & Gas, which is either a combination of the moguls first names, or an amalgamation of the words "bro" and "Donald" (Trump fans, maybe?). Although their website does its best to look like an everyday business venture, the biography listed under "Who We Are" links to a file called "CASH_MONEY_RECORDSbio.pdf."
Here's hoping their company gets off the ground, if only to see it expand into Alberta. That's a mailroom we'd love to work in!