Dr. Dre Selling Shares Of Music Catalog For Over $200 Million
Dr. Dre is inching closer and closer to that rarefied, pie-in-the-sky billionaire status. According to reports, the “Still D.R.E.” spitter has closed another multi-million dollar deal by selling a piece of his tinselly music catalog. While he sought roughly $250 million from Shamrock Holdings and Universal Music Group, reportedly it was being inked in two separate deals for a tad over the $200 million mark. Peter Paterno, the producer’s longtime attorney, shopped the deals. The musical assets that the Doc let go of bring in a calculable $10 million in annual income.
The assets consist of artist royalties from two solo LP’s by Dr. Dre and his share of artist royalties from N.W.A; his song catalog’s songwriter’s share, which may include songs from his hard-slapping debut album The Chronic (1992); and his producer royalties. Shamrock is likely procuring these, for the assets chalk up between 75 and 90 percent of the bundle’s earnings. Universal is said to be buying the leftover 10 to 25 percent outputted by in hand assets, including the The Chronic‘s master recording, which is due in August to be processed over from Death Row Records to the “California Love” rapper.
The assets package doesn’t, however, include Dre‘s Aftermath ownership stake, which he launched back in 1996 and co-operates with Interscope (a part of Universal Music Group). Universal’s ration also includes the “Ring Ding Dong” producer’s share of Kendrick Lamar’s tracks via Aftermath’s joint agreement with Top Dawg Entertainment and Interscope, and potentially some publishing, though it’s obscure which allot of his catalog that would consist of.
With a fresh $200 million in his pockets, Dr. Dre will keep on with the keep on, as it’s said he’s presently in the lab with both 50 Cent and Snoop Dogg. “As soon as I said that, I got a text from [Eminem] that he had already spoke to Dre, and that Dre is in there and he got some crazy stuff for me to go hear,” said 50 regarding working with Dr. Dre on new music. “This is my process: I’ll go make something, what I can find, the best music that I can put my hands on. And when I feel real good about it, I bring it to put pressure on Dre to offer me something. ‘Cause he’ll have something… He’s always had something.” Snoop said about working with Dre in 2023, “I’ma tell you this, you’re the first one to hear this: me and Dr. Dre have been working on an album for the past two months. It’ll be done in November. It’s produced by Dr. Dre, it’s our 30th anniversary to Doggystyle.”
Readers May Also Like:
Mielle Organics Acquired By P&G Beauty; Black Women Express Betrayal, Founder Promises No Changes
El DeBarge Arrested for Alleged Drug and Weapon Possession
GloRilla Opens Up About Spending Time In Jail
Jay Z Has Invested Money In Ghana Says Dave Chappelle