Lil Flip Signs Potentially Massive Deal With Language Translation App
It's been longer than a minute since the world has heard from Lil Flip, but the Houston rapper is back in the news after reportedly partnering with Miami-based tech startup Lang BridgeApp, Inc. As Yahoo Finance is reporting, Flip has joined on as shareholder of the tech company, which allows artists and fans to exchange messages with automatic language translation, thus giving artists the ability to communicate with international fans without language barriers.
In a quote included in the write up, which reads as a pasted and poorly worded press release, Lang BridgeApp's CEO Terry Moss highlights the company's efforts to adequately compensate artists for their involvement. "Lil Flip... like other musicians, understands the importance of entertainers being fairly paid for their hard efforts. Honestly, no one can deny the [stain!] that free music consumption has left on our industry, it's embarrassing to watch our musicians work for peanuts."
How a direct messaging app which offers automatic translation relates to streaming services, which provide music rather than interaction, isn't all that clear, but the story/release goes on draw that very parallel. Perhaps it's because the App will allow fans to purchase items from their favorite artists, but whether those items are song downloads or music at all is not clearly stated.
If the company succeeds in hitting its goals of 40 million active users by late 2017 and $5 million in product sales, the company valuation of $4 billion would apparently yield Flip more than $80 million.
50 Great Albums From Rappers With Poetic Flows