Dr. Dre is selling some of his music assets and income streams in deals with both Universal Music Group (UMG) and Shamrock Capital. billboard When variety report. The combined sale price is said to exceed $200 million. Pitchfork has reached out to his Dr. Dre, UMG and Shamrock reps for comment.
Assets acquired by Shamrock Capital include artist royalties from two of Dre’s solo albums, his share of NWA artist royalties, producer royalties, and his song catalog if he does not own the publication. It reportedly contains the writer’s share of .of chronicReleased by Sony Music Publishing.
UMG has reportedly acquired the master recording of Dre’s 1992 debut LP chronicHe is slated to return to Dre from Death Row Entertainment in August 2023, with the release of Kendrick Lamar through Top Dawg Entertainment’s deal with Interscope (a subsidiary of UMG) and Dre’s Aftermath imprint. HIS SHARE. Dre is said to hold a stake in Aftermath, which he co-owns with Interscope.
The sale of Dre’s assets comes as a result of a recent truce sent by his attorney to Congressman Marjorie Taylor Green, who used Dre’s song “Still DRE” in a video posted on Twitter. . The letter promised Dre to “never give permission to broadcast or disseminate his music” to Congressmen.
The speculative market for music assets continues to grow, from classic rock and pop artists such as Genesis, Bob Dylan, Leonard Cohen, David Bowie and Bruce Springsteen to hipsters such as Chuck D, Future and now Dr. Dre. Expanding to hop artists. Shamrock, an “institutional-backed” investment firm founded by Roy E. Disney in 1978 as Shamrock Holdings Inc., will sell six copies of Taylor Swift from Scooter Braun’s Ithaca Holdings in 2020. bought the album. Swift has since re-recorded two of her albums purchased by Shamrock.
