Image via Variety
According to reports, Dr. Dre will soon make a sizable profit.
The 57-year-old hip-hop tycoon is getting ready to sell some of his musical assets for more than $200 million, according to Billboard. According to sources, the properties, which produce around $1 million yearly, will be sold in two distinct transactions—one to Universal Music Group and the other to Shamrock Holdings. The former is rumored to be looking to purchase Dre’s royalties from a few of his solo projects, his portion of the N.W.A artist royalties, his producer royalties, and the writer’s share of songs for which he does not own publishing, which may include his 1992 debut album The Chronic, which is distributed by Sony Music.
According to reports, Shamrock will receive between 75 and 90 percent of the bundle’s earnings, with the remaining 10 to 25 percent going to UMG. According to insiders, the latter agreement might involve some publishing, Dre’s portion of Kendrick Lamar releases, and The Chronic master recordings, which will probably revert to Dre sometime in August from Death Row Entertainment. Sources claim that Snoop Dogg, who bought the Death Row imprint in early 2022, may attempt to persuade Dre to keep the project on the Death Row imprint.
According to Billboard, Dre’s ownership interest in Aftermath is not among the assets being offered.
According to reports, Dr. Dre’s longtime lawyer Peter Paterno pitched the transactions. Sources informed TMZ that even though the sellers’ initial asking price was $250 million, the final selling price was still “tens of millions of dollars higher than the $200 million” that Billboard said.