Dr. Dre is promoting a number of of his music property and revenue streams in offers with each Common Music Group (UMG) and Shamrock Capital, Billboard and Selection report. The mixed sale worth is alleged to exceed $200 million. Pitchfork has reached out to representatives for Dr. Dre, UMG, and Shamrock for remark.
Property acquired by Shamrock Capital reportedly embrace Dre’s artist royalties from two of his solo albums, his share of N.W.A. artist royalties, his producer royalties, and the author’s share of his music catalog the place he doesn’t personal publishing—which probably contains his author’s share of The Continual, which is printed by Sony Music Publishing.
UMG has reportedly acquired the grasp recordings for Dre’s 1992 debut LP The Continual—that are set to revert to Dre from Loss of life Row Leisure in August 2023—and his share of Kendrick Lamar’s releases via the High Dawg Leisure cope with Interscope (A UMG subsidiary) and Dre’s Aftermath imprint. Dre is alleged to retain his stake in Aftermath, which he co-owns with Interscope.
The sale of Dre’s property come within the wake of the current cease-and-desist that his legal professionals despatched Rep. Marjorie Taylor Inexperienced, who used Dre’s music “Nonetheless D.R.E.” in a video posted to Twitter. The letter promised Dre “won’t ever grant” the congresswoman “permission to broadcast or disseminate any of his music.” It’s unclear to what diploma Dre will be capable of prohibit anybody from licensing his music after the sale.
The speculative marketplace for music property continues to develop, increasing from basic rock and pop artists like Genesis, Bob Dylan, Leonard Cohen, David Bowie, and Bruce Springsteen to incorporate hip-hop artists like Chuck D, Future, and now, Dr. Dre. In 2020, the “institutionally backed” funding agency Shamrock—initially based in 1978 by Roy E. Disney as Shamrock Holdings—acquired six Taylor Swift albums from Scooter Braun’s Ithaca Holdings, who famously bought the rights from her former label Massive Machine. Swift has since re-recorded two of the albums bought by Shamrock.