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Columbia Records signed rapper Tyga to a multi-million dollar record deal, Variety.com reports exclusively. The 29-year-old rapper saw modest success with his track "Taste" featuring rapper Offset in 2018.

Tyga, born Michael Ray Nguyen-Stevenson, tells Variety his decision to sign with Columbia was a no-brainer: he was broke and he needed the cash.

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"They definitely understand the global brand," he said. "I have a lot of fans worldwide — in places I've never been like South America, and in places I have been like Asia and Europe. They can help bring that to a larger scale. Doing it independently, you don't really have those teams to help worldwide. Sony, if you look at the history from what they've done from Pharrell to Beyonce to Adele — then you look at Lil Nas X, one of their new artists that's blown up this year — they’ve done a lot for artists globally, for their brand. That's why I wanted to partner up with them."

Tyga is best known for his first hit song "Rack City" which peaked at #7 on the Billboard Top 100 in 2011.

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Tyga blames his money woes on his career as an independent artist. He has been evicted from half a dozen mansions and his fleet of luxury vehicles have all been repossessed.

"The independent thing taught me a lot," he says. "It was a do-it-yourself motto — learning how to get from point A to point B. Now doing a deal through Columbia, it's like I already know the ropes."

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Incarcerated rapper Tekashi69 is a rich jailbird. The 23-year-old reportedly signed a multi-million dollar record deal from behind bars.

Tekashi's problems may be over after he agreed to snitch on his former 9 Trey Gangsta Bloods associates in exchange for a significant decrease in his prison sentence.

Prior to snitching on his gang associates, Tekashi faced a minimum of 47 years in prison on charges of attempted murder, weapons possession, kidnapping and racketeering.

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Execs at Tekashi's former record label - 10K Projects - are so confident that he will be released soon, that they offered him a record deal worth more than $10 million!

According to TMZ, Tekashi is looking at a 2020 prison release with credit for time served.

In addition to shelling out $10 million to the "FEFE" rapper, the record label may be forced to foot the bill for the rapper's 24/7 security.

Tekashi declined to enter the government's witness protection program after snitching on his gangsta pals. His life is in danger the moment he walks out of prison.

Rapper TI independent artist again

After 10 years and seven albums with Atlantic Records, rap mogul T.I.P. is once again an independent artist. T.I. began his illustrious career as a successful independent artist before signing his first record contract with LaFace Records back in the day. He is now on his own again and feeling fine after a deal with Sony Records fell through.

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LIl Wayne Signs Paris Hilton to a Record Deal

That sound you just heard is the lid of Hip Hop's coffin slamming shut on Hip Hop as a music genre.

Disgraced rapper Lil Wayne just found a sucker to get him back in the good graces of the corporate world. 3 weeks after getting dropped like a hot potato by Pepsi, Wayne has signed talentless socialite Paris Hilton to a record deal on Young Money Cash Money Records. Cash Money co-founder Birdman made the announcement on Twitter today.

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K Michelle new record deal

Studio singer K. Michelle is relieved that she can drop the title "mixtape singer" from her résumé. The 26-year-old mother of 1 announced her new record deal with Warner Brothers on her Twitter page Monday.

It isn't clear if K. Michelle is bedding the recording executive who signed her. As you may recall, the last executive who signed K. Michelle to a record deal (MempHitz) lived up to his name by slapping the taste out of her mouth whenever she got loud or stepped out of line. Neither the record deal nor their relationship ended very well.

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