Dr Dre Sells Catalog For $200 Million

[5 Grand]

T.I. reacts to Dr. Dre selling his catalog for $200M+ | CLUB SHAY SHAY | FOX Sports

Shannon Sharpe ask T.I. his thoughts on Dr. Dre selling his musical catalog for $200 Million. Tip said: “There are many ways to utilize your catalog. One is selling them outright and one is licensing.” He then goes onto to share some insight into the music business and teaches how one can...

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Dr. Dre Selling Catalog Assets to Universal Music and Shamrock Holdings in $200 Million-Plus Deal

Dr. Dre is selling a collection of music income streams and other assets in a deal that sources say could reach nearly $250 million.

variety.com

Dr. Dre is selling a collection of music income streams and other assets in a deal that was being pitched for $250 million, sources confirm to Variety.

The assets, which generate nearly $10 million annually, are being acquired by Shamrock Holdings and Universal Music Group in two separate transactions. The deals, which have been rumored for several weeks, are said to be nearly closed and were shopped by Dre’s longtime attorney Peter Paterno of King, Holmes, Paterno & Soriano. The news was first reported by Billboard.

Reps for the firm, Dre, Universal and Shamrock either declined or did not immediately respond to Variety‘s requests for comment, however a source close to Dre confirmed the report and said the final sale price is likely to be below the $250 million asking price, but well above $200 million.

The assets are said to include artist royalties from two of his solo albums and his share of N.W.A. artist royalties; his producer royalties; and the writer’s share of his song catalog where he doesn’t own publishing, which may include songs from his 1993 blockbuster album “The Chronic.” According to Billboard’s sources, that portion includes 75% to 90% of the package’s revenue and is likely being acquired by Shamrock (which owns some Taylor Swift master recordings), with UMG acquiring the remaining 10% to 25%.

Included in UMG’s acquisition would be the master recording of “The Chronic,” which is scheduled to revert to Dre from Death Row Entertainment (which recently was acquired by Dre’s protégé Snoop Dogg last year) in August of this year; his share of an Aftermath/Interscope joint venture with the Top Dawg label for Kendrick Lamar releases through that deal; and possibly some other assets. It does not include his ownership stake in the Aftermath label, which he co-owns with his longtime label home, UMG’s Interscope Records.

Variety will have more on this situation as it develops.

 

[5 Grand]

Everybody talks about "Publishing...." yada yada yada.

But $200 Million in cold cash seems right.

I mean $100 bills

 

[OGDirtyD]

Good for him.

 

[AZTG]

Im not gonna act like I understand the biz better than Dre.

Dre didnt need the money. He was touching on damn near a B if I remember.

So if Dre thought selling was a good idea, then selling was a good idea

 

[Revolver Ocelot]

Folks always say leave stuff like that for your kids/grandkids.

But let's be real, they selling too, has soon as their folks in the ground and that first offer comes.

Shit it's Dre's work let him enjoy it while he still can.

 

[Bradshaw]

I thought he'd at least get 350M for it but good for him.

 

[5th Letter]

A bunch of people are cashing out already. I wonder what gives?

 

[LexDiamond99]

Yeah. I'm wondering if a lot of musicians lost a ton of bread in the stock market and crypto so they resort to this

 

[Water Ur Seeds]

Yeah. I'm wondering if a lot of musicians lost a ton of bread in the stock market and crypto so they resort to this

I read alot of artist lost money due to not being able to tour during COVID but I doubt the big dogs that are selling their catalogs (or part of them) like David Bowe, Bob Dylan, Bruce Springsteen, Sting, Dr. Dre and Beiber etc would had been that effected...

 

[Golan]

A bunch of people are cashing out already. I wonder what gives?

Do they know something we don't?

 

[Shenco]

A bunch of people are cashing out already. I wonder what gives?

Bieber just sold his catalog recently too

 

[mike030270]

I thought he'd at least get 350M for it but good for him.

I couldn't guess what the number would be but I thought it'd be more than 200

 

[Greg.nice]

I believe these artist shit is getting taken as components of portfolios within larger mergers acquisitions etc.... and to maintain the mystique of (and value) of celebrity its translated to the public as voluntarily getting sold

 

[Water Ur Seeds]

I mean Dre only has 3 albums, does he even own the original Chronic catalog??? I think he may have got it back of Death Row/Suge at somepoint...

So Dre has maybe The Chronic, 2001, Compton and the Aftermath album... What else did Dre sell??? Is part ownership of Kendrick, Em, 50 and other Aftermath artists work???

Because Dre doesnt have a huge catalog like other artists such as Dylan and Neil Young etc who have been around since the 60's and released regular albums... Even Beiber has tons of albums... So 250mil seems a good price when artists with alot more material like Beiber and Dylan only got 200mill...

 

[5 Grand]

Streaming has a lot to do with it.

In the 80s, 90s and 2000s people bought CDs and you could project what a catalog would be worth over 20 years.

Now there's no way to project what those masters will be worth over the next 30-50 years, so it makes sense to cash out imo.

 

[grYmes]

The number seems around right. Good for Dre.

 

[Elzo69Renaissance]

The Bieb just sold a portion of his shit for 200 million too

 

[5 Grand]

Streaming has a lot to do with it.

In the 80s, 90s and 2000s people bought CDs and you could project what a catalog would be worth over 20 years.

Now there's no way to project what those masters will be worth over the next 30-50 years, so it makes sense to cash out imo.

The number seems around right. Good for Dre.

Now that I think about it, Streaming hit about 10 years ago. Around 2010ish was when CD sales declined to the point that record labels stopped manufacturing CDs altogether. Then all the streaming sites took over like Youtube, Spotify, Apple Music, etc.

I have music on the streaming sites and as I understand it, you won't make any money streaming unless you pay bots for clicks. Since "paying bots for clicks" is too confusing, it makes sense to cash out.

I wouldn't plan my future on technology where you have to pay a robot to generate revenue on 30-40 year old music. And realistically, Dre is past the age where he wants to tour on a tour bus and check in and out of hotels every day.


Perfect time to retire from the game.

 

[Don Dada]

Not bad it said included produced songs

 

[IP360]

He should've sold it for more imo