
In honor of Swizz Beats and all the positive work he has done recently with his efforts to raise money in Haiti for the survivors of the major earthquake that claimed the lives of over 100,000 people, Live-N-Direct wanted to take the time out to salute not only a philanthropist and pioneer of today's most popular music, but to also show that Swizz Beats is uncanny and unmatched when it comes to his business prowess that seperates him from many of his music contemporaries. I was invited to Unique Autosports in Long Island to do an interview with Swizz Beats aboard the Full Surface tour bus. As you can imagine, I was pretty hyped about doing the interview because I was currently working on a producer documentary/series and film that I wanted to negotiate and pitch to either VH1 or MTV. And when I got the call that Swizzy agreed to allow me to do the on-camera interview, I was gonna make sure to make the best of it. No gossip, no rumors, just real talk where I could pick the brain of one of the greatest musical producers of my time and my viewers can actually learn something. You are about to witness greatness. So please enjoy Business 101 from one of today's greats. I now give you Swizz Beats, The Monster Part
1.
Let's get right to it!
Jerry "Mr. Live-N-Direct" Bagley:
So let's talk about the different licensing and publishing deals in terms of what producers can negotiate these days.
Swizz Beats:
Owning the licensing and publishing rights to certain songs in your catalog can be very lucrative. You can actually make more money off of those same records 5, 10, or even 15 years later down the road after they were initially released. So after you exhaust all possible revenue that you can earn with radio and tours, there's actually a residual market where you can make even more money.
Sometimes more money than what you originally made when the record first came out. For example, I own 75% of the publishing for DMX's "Party Up In Here". So what I did was license the rights to that song to the NBA. So you have to think, every time you heard them play that song at an NBA game during time-outs they had to me. And the way the licensing fee goes with the NBA is they option it in quarterlies. That means they pay you every 3 months. And the actual licensing fee for that song was 500,000 dollars. And say after 3 months would pass, and they want to continue using it, then the NBA would have to re-up and pay another 500,000 to use it again.
I also own 100% of the publishing rights for Limp Bizkit's "Rolling". And what I did with those publishing rights was license it to the WWF. So everytime the WWF would play the song when the wrestlers came out they would have to pay me. This deal isn't finalized yet, but you see the song "Hotel" by Cassidy? I'm also in talks with major hotel chains across the country to have them play that song. So everytime you come into certain hotels you would hear "Hotel" by Cassidy playing. So in terms of licensing and your publishing rights, you just have to be smart about certain deals you do. But ownership is the key.
Jerry "Mr. Live-N-Direct" Bagley:
Now explain to everybody your relationship with Jay-Z. Because from what I understand you didn't work with him on the Black album. And some people were wondering was there some type of tension or falling out because you have a long history together. And one would think, an album that Jay-Z is saying is his final album, you would be a part of that album.
Swizz Beats:
That's understandable that people would assume me and Jay isn't getting along or whatever. That's just the nature of the business. People just want to assume the worst. But that's like the furthest thing from the truth and will never be the case. Jay is like my brother. We have a great friendship and a great bond. Come on, me and Jay made history together. We changed music. We created trends. We changed the game. And the main reason that I'm not on the Black album as a producer, is because I have too much respect for what me and Jay have accomplished together in our careers. I'm not going to just submit any old beat just to make the album. The record and the song has to be right. It has to be epic. It's never about money when I go into the studio with Jay-Z. When I'm going in the studio with him, I'm trying to create something magical and timeless. So that's the only reason I didn't make it on the Black album. The timing just wasn't right. And I didn't just want to rush and make something to be on the album. But me and Jay is all good. That's my brother. (Swizz's Cellphone rings)
Swizz Beats:
(Jokingly says) Hold up! That might be Jay calling me right now! He might have heard about this interview!
(Everybody on the Full Surface bus breaks into laughter)
Swizz Beats:
Nah, but seriously, it's all love with me and Jay.
Jerry "Mr. Live-N-Direct" Bagley:
Now I understand, you have a thing for luxury cars. That's why you're here today at Unique Auto Sports shooting this segment for MTV. Shout out to my boy Will for allowing us to come and shoot this with you as well. I have to admit, you got some really hot cars.
Swizz Beats:
Yeah, shoutout to Will. He's a good friend of mine. But absolutely. Everybody knows I have a penchant for buying and collecting exotic cars. But see even when it comes to business in that regard I smartened up. Cause I was spending wild money on luxury cars. 200,000 here, a half a million there. So what I did instead of spending all this money was, I went and got my dealers license. And then I invested in car dealerships across the country.