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Chance the Rapper says he was paid $500K for 'Coloring Book'

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Chance The Rapper on the red carpet of the 59th Annual Grammy Awards. (Apega/WENN.com)

Chance the Rapper was paid $500,000 by Apple Music for exclusive rights to stream his third mix tape "Coloring Book."

The 23-year-old has refused to tie himself to a major record label, instead preferring to release his music for free. However, he told his fans on Friday he had accepted an offer last year from Apple Music regarding his third release.

In a series of posts on Twitter, the Chicago native confessed he had been paid the sum by the streaming giant last May so it could gain exclusive rights to "Coloring Book."

Writing that people were trying to “discredit my independence,” Chance shared he was paid and given a commercial for the mix tape to exclusively appear on Apple Music for the first two weeks upon its release.

The record, which landed Chance the Best Rap Album honor at the Grammy's last month, was later released for free on SoundCloud.

"That was the extent of my deal," he wrote. "I needed the money and they’re all good people over there.”

Apple Music has secured exclusive rights to albums from some of the biggest names in music, including Drake and Frank Ocean.

And Chance explained he had accepted the deal because he would still remain in control of his music.

“I think artist can gain a lot from the streaming wars as long as they remain in control of their own product. I just wanna remain transparent," he continued on Twitter.

"Folks out there without a deal need to know they’re doing everything right just keep at it. If you come across opportunities to work with good people, pick up cash and keep your integrity I say Do It.”

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