Tuesday, July 2, 2013

Is PSR Bankrupt???? + Miranda And Alexis Finally Get Mixtape Approval

PSR has been in business for the past 3 years, and sources say that PSR was always the richest most popular label in the industry. But now sources say that PSR is going bankrupt as in BROKE! Why? well sources say that money just isn't coming in like it used to, and even though the artists albums and mixtapes and clothes are selling, the cost to keep up their tours, their studio and the cost to create albums in the studio as well as the costs for music videos, the money is going out a lot faster then its coming in. Sources say that the Platinum Wear line is doing well, but even those finances aren't enough to keep up with running a huge label like PSR and pay all of the artists. Many artists, well all of them,  understand the situation, and most of them agree to take pay cuts and not get paid for a few weeks in order to help out NiNi, and that is why many PSR artists are doing extra things for money, such as interviews, movies and selling their personal belongings on EBAY as well as selling autographs and pictures. Haven't you guys noticed that many of them seem to be doing a lot extra lately? But still, this is all in rumor status and we have no confirmation from NiNi nor PSR management or the artists that this might have any truth to it. We'll keep digging and let you guys know when we know! In other news, today Miranda and Alexis returned from their suspension and they were able to get NiNi's approval to release their mixtapes, that were shut down by her last week due to their suspension, and they released it this morning and Miranda's 2nd Mixtape "Do It How I Do" Has sold over 16 million copies so far, and Alexis's 3rd Mixtape "One For The Team" has sold over 22 million copies. So both mixtapes are doing well and we give Miranda's a 8 out of 10 stars and we give Alexis a 9 out of 10 stars. Click here to head over to the PSR site to purchase "Do It How I Do" and "One For The Team"

12 comments:

johnny1 said...

I doubt that PSR is broke but even if they are so what they still gonna have their fans to support them

johnny1 said...

the loyal fans should help out If this is true we should buy more of their shit to help them get more money I would hate to see psr go outta business

johnny1 said...

yall need to stop talking like yall just kno everything

johnny1 said...

I been heard about them going bankrupt I just don't understand how

johnny1 said...

duh the bigger the label the more money it costs to maintain it and psr is huge and the royal artists get triple then what regular artists get paid so what do u expect

johnny1 said...

I guess

johnny1 said...

well If that's the case the royal artists shouldn't get paid as much until the money gets right again

johnny1 said...

I think its true it costs like 100 million just to create full album wit the artwork and studio equipment and professional studio people to make it perfect and a lot of albums been gtting released so far and that's a lot of money

johnny1 said...

They said nini confirmed its true

johnny1 said...

The media who else

johnny1 said...

Damn how sad

johnny1 said...

Damn how sad