Akon performs as part a benefit concert in San Juan, Puerto Rico on March 18, 2018.
Gladys Vega | Getty Images
Senegalese-American singer Akon says young music artists should avoid looking for lucrative record deals and instead focus on building their careers independently.
“In the next 3 to 5 years, the major labels won’t exist anymore,” the multi-platinum selling R&B artist told CNBC in an interview. “So just stop looking for a record deal.”
“You’re wasting your time, you’re losing money doing it obviously, and you’re gonna lose control,” he added.