Iconic California producer Dr. Dre is selling his music catalog to Universal Music and Shamrock Holdings. Most expected to be sold will be a few of his albums and royalties from his three-decade career.
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Legendary rap producer Dr. Dre is selling his music catalog to Universal Music and investment firm Shamrock Holdings. The sale of the impressive catalog could be worth up to $250 million, according to a report by Billboard.
Dr. Dre is selling a bundle of music income streams and some owned music assets in a deal that was seeking $250 million when it came to market, according to sourceshttps://t.co/1sxhosg5yn
— billboard (@billboard) January 11, 2023
The 57-year-old producer, who will be honored by The Recording Academy, will include valuable pieces of his career in the sale of his catalog. Parts of the catalog being sold will include two of his albums, particularly writing credits of his 1992 album The Chronic, which is considered a classic by hip-hop fans.
His producer royalties and share of Death Row Records, which Snoop Dogg now owns, will also be included in the sale. Much of the music included in the sale will be material from the 1980s and 1990s.
The former N.W.A. member reunited with Diddy for the first time since both were involved in the 1990s East Coast-West Coast rap beef.
Dr. Dre selling his catalog comes less than a week after suing Georgia Representative Marjory Taylor Greene for using his music without his permission. Last year, he had to pay $100 million to his ex-wife in a divorce settlement. With both instances, the Super Bowl performing producer could be looking to reestablish his finances.
