Dr. Dre stands to make over $200 million by selling a piece of his decorated catalog.<\/p>\n
Source: HipHopDX<\/a><\/p>\n \n According to Billboard, the legendary producer is closing in on two separate deals to offload a share of music income streams and other assets to Shamrock Holdings and Universal Music Group.<\/p>\n The deals, which were shopped by Dre\u2019s longtime attorney Peter Paterno, were being pitched for a combined sum of $250 million. While the final sale price won\u2019t quite be that high, a source close to the rap mogul said the figure will still be \u201cwell above $200 million.\u201d<\/p>\n The assets, which net almost $10 million in annual income, include artist royalties from two of Dr. Dre\u2019s solo albums and his share of N.W.A artist royalties; his producer royalties; and the songwriter\u2019s share of his song catalog where he doesn\u2019t own publishing, which may include tracks from blockbuster 1992 debut LP The Chronic.<\/p>\n These account for between 75 and 90 percent of the package\u2019s revenue and is likely being acquired by Shamrock. UMG is said to be purchasing the remaining 10 to 25 percent generated by owned assets, including the master recording of The Chronic, which is due to be transferred from Death Row Records to Dre in August.<\/p>\n UMG\u2019s portion also includes Dre\u2019s share of Kendrick Lamar\u2019s releases through Aftermath\u2019s joint deal with Interscope and Top Dawg Entertainment, and possibly some publishing, although it\u2019s unclear which portion of his catalog that would include.<\/p>\n The bundle of assets doesn\u2019t, however, include his ownership stake in Aftermath, which he founded in 1996 and co-owns with UMG\u2019s Interscope.<\/p>\n https:\/\/youtu.be\/mT0mb95FHtA<\/p>\n The deal continues a recent trend of Hip Hop stars making major bank from their music rights. Last year, Future sold his publishing catalog between 2004 and 2020 to Influence Media Partners for an eight-figure sum.<\/p>\n That deal included 612 songs in total, including hits like \u201cLife Is Good\u201d and \u201cJumpman\u201d with Drake, \u201cKing\u2019s Dead\u201d with Kendrick Lamar, \u201cSelfish\u201d with Rihanna, \u201cLow Life\u201d with The Weeknd and \u201cMask Off.\u201d<\/p>\n \n Before that, Public Enemy\u2019s Chuck D sold his full songwriter\u2019s share of royalties and half of his \u201ccopyright interest\u201d as the publisher to Reach Music.<\/p>\n \u201cDoing this deal was the right timing for a forward and logical evolution of [their] business together in an ever-changing industry,\u201d Chuck told Rolling Stone of the deal.<\/p>\n For more information: https:\/\/hiphopdx.com\/news\/dr-dre-sells-music-assets-200-million-deal<\/a><\/p>\n