Dr. Dre has reportedly become the latest major name to sell their catalog for a colossal stack of coins.
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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.