Between the fact that Young L.A. lost his damn mind and that their Atlanta office recently shut it’s doors, rumors have been floating around that Grand Hustle Records was a wrap.
T.I.’s business partner Jason Geter (the one leaning on the Bentley above) addressed the chatter late last week explaining that yes, money did slow up, but that didn’t mean that that Grand Hustle team of kings was stopping their attempts to get rich.
“Number one, Grand Hustle is definitely not dismantled, we unfortunately did downsize [on staff] and relocate. We’re doing business, just in a lighter way. A smarter way, due to our current situation,” says Geter.
“We don’t have much business to do, not much going on, why pay people when unfortunately there’s not much going on?” he continued. “Same thing that the major labels are doing, it’s no different. Supply and demand, at the end of the day. It’s just the way of the business.”
It’s been tough past few months for the Atlanta-based record label, and Geter isn’t denying it, “It’s no secret we’ve taken hits, back to back, with Tip’s absence [serving out his prison term].” Downsizing and relocating was the best move, he said, and one that was discussed with T.I. “We’re partners, we talk about everything, no matter if he’s in or he’s out. It’s Grand Hustle, so we communicate with one another.”
SMH. We bet “The Inmate” is feeling really wack right now for affecting so many people’s livelihood over some bullsh*t.