Dr. Dre has reportedly become the latest major name to sell their catalog for a colossal stack of coins.
Full story below…
Billboard broke the news that the prolific MC turned mega-mogul is selling his music catalog assets in a deal said to be in the ballpark of over $200 million.
Uniquely, the lucrative licensing will be split between Universal Music Group and Shamrock Holdings.
The divide will see each entity acquire portions of Dre’s catalog that are most aligned with their business interests.
Indeed, while details are pending, Shamrock is believed to be buying into passive income generated by Dre’s LP’s such as royalties from his first two solo albums. While UMG is reportedly buying the master recordings of the Hip-Hop icon’s most notable releases.
Dre, whose music received ample exposure during his Emmy-winning headlining set at the 2022 Super Bowl Halftime Show – joins a growing list of artists who have sold or are in the process of selling their catalogs like Shakira, Justin Bieber, and John Legend.
His music is what made him.. he must be jumping on a new venture like he did with beatz headphones 🎧
Dre know how to get coins.
Wish he could teach some of these drill rappers how to move cause their parents (or lack of) definitely ain’t doing it.
Dre ain’t had a hit since The Next Episode
Doesn’t need to make hits dummy. He’s already made hundreds of millions off Beats 🎧 alone. Cry about it
He has had steady income since The Next Episode because he understands the business. He knows the good moves and the bad moves to make as an artist.
And he’s still eating off of his royalties from not just his music, but his features AND the songs he produced over the years.
Ummmm has he even released any music since then? His last album was 20 years ago.
Unnmmmmmmmmm yeah Dre has new music..but .Making tracks is his best
*sings underneath the tree*
Since his divorce Dre needs to get some new p****..maybe from sza