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Sunday, November 7, 2010

Artists and their legal troubles

It seems to be a trend amongst athletes and entertainers to get arrested and go to jail.  There are countless examples of this happening.  Whatever the cause, some entertainers and athletes simply cannot stay out of trouble.  From Lil Wayne, to Gucci Mane to a host of athletes, trouble seems to follow them everywhere they go.  With all of the legal fees, time spent behind bars and the loss of wages, one would think that there is enough incentive for celebrities to stay out of jail.

But are there some advantages of an artist spending time behind bars?  Unlike many athletes, entertainers have more than one source of income.  So while they will miss out on performance revenues they can tap into other revenue streams to make up for the loss.  Rappers T.I., Gucci Mane and Lil Wayne have all constructed effective strategies to stay relevant and satisfy their fan bases to the point that their physical presence was hardly missed.  Lil Wayne spent the majority of this year in jail.  However he dropped two albums and was recently named one of the Forbes magazine's top "Cash Kings."

Is this sending the wrong message to impressionable fans? Maybe. But when faced with an adverse situation, the only option is to make the best out of it.  And while jail is nothing to be proud of, these artist can certainly be proud of turning a negative into a positive.  Positive cash flow.

But what happens when the positives outweigh the negatives?
Just ask T.I. He's already on his way back.