American rapper and record producer, Dr. Dre is selling music stream assets to Universal Music and Shamrock Holdings in a $200 Million-Plus deal. Billboard & Variety reported.
His music assets(which generate nearly $10 million annually) are being acquired by Shamrock Holdings and Universal Music Group in two individual trades.
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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%.
