A Partner of Chance the Rapper Wants to Shake-Up the Record Label Industry
Veteran record executive Steve Stoute, who's partnered on philanthropic endeavors with Chance the Rapper and Kevin Durant, has decided to remove the middleman between musicians and their fan base. He says his new company, UnitedMasters, will change the record label industry.
For full interview [click here](https://cheddar.com/videos/unitedmasters-and-steve-stoute-play-a-different-tune).
Rite Aid has filed for bankruptcy protection and plans to sell part of its business as it attempts to restructure while dealing with losses and opioid-related lawsuits.
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