Dr. Dre reaching deal to sell music catalog for over $200 million

Dr. Dre has his sights set on becoming a self-made billionaire.

The legendary rapper is nearing a deal to sell his music catalog and streaming ventures for more than $200 million, Billboard reported Wednesday.

Dre, who is estimated to be worth $820 million, is said to be gearing up to sign on the dotted line to hand over ownership to Shamrock Holdings and Universal Music Group.

The Beats Electronics co-founder’s package is set to make him a cool $10 million a year, according to the report. It includes percentages of two of his solo albums, his share of N.W.A. artist royalties, his producer royalties and the writer’s share of his song catalog.

Dr. Dre is reportedly set to sell his music catalog and streaming ventures for more than $200 million.

The “Straight Outta Compton” rapper is estimated to be worth $820 million.

The “Straight Outta Compton” hitmaker — who stopped Rep. Marjorie Taylor Greene from further using his music on social media earlier this week — shopped the package via his lawyer Peter Paterno, Billboard reported.

UMG would acquire “The Chronic” recording, which will subsequently transfer ownership from Dr. Dre to Death Row Entertainment in August, per the outlet.

The package reportedly does not include ownership rights to the label Aftermath, which Dre co-owns with Interscope Records.

The package reportedly includes percentages of two of his solo albums, his share of N.W.A. artist royalties, his producer royalties and the writer’s share of his song catalog.

The lucrative offer comes after the Grammy winner agreed to pay his ex-wife, Nicole Young, $100 million in a property settlement agreement in Dec. 2021.

The agreement said Dre would keep their real estate properties and rights to his music and stock options, including the money earned from his sale of Beats by Dre.

Young, meanwhile, was allowed to keep four vehicles: a Rolls Royce, Cadillac Escalade, motorcycle and Range Rover. She also got her clothing, jewelry, bags and furs, which are estimated to be worth millions.

Related Posts

Official Trailer for Night Harvest (2024) Unveils a Terrifying Scarecrow Horror Set in 1970s Tennessee

The official trailer for Evening Harvest (2024), a spine-chilling slasher horror movie, has been launched, giving followers a glimpse into an exhilarating battle for survival towards a…

𝐌𝐚𝐡𝐚𝐛𝐡𝐚𝐫𝐚𝐭𝐚 | 𝐓𝐑𝐀𝐈𝐋𝐄𝐑 (𝐇𝐢𝐧𝐝𝐢) | 𝐇𝐫𝐢𝐭𝐡𝐢𝐤 𝐑𝐨𝐬𝐡𝐚𝐧 𝐏𝐫𝐚𝐛𝐡𝐚𝐬, 𝐑𝐚𝐧𝐯𝐞𝐞𝐫 𝐬𝐢𝐧𝐠𝐡

Mahabharata is a great epic that revolves around the war between the two clans, Kaurava and Pandava, taking place at Kurukshetra. The story begins with the power…

Meiyazhagan Trailer: Karthi, Arvind Swami in an emotional tale of two men

Meiyazhagan starring Karthi, Arvind Swami in the lead is an upcoming comedy drama that is slated to release on September 27, 2024. The movie, directed by C Prem…

Kamal Haasan’s Thug Life Sets New Record with 149.7 Crore OTT Deal, Surpassing Kollywood’s Biggest Films!

Mani Ratnam’s upcoming film Thug Life stars Kamal Haasan in the lead role. Raaj Kamal Films International (RKFI), Madras Talkies, and Red Giant Movies co-produced the film, which stars Kamal…

Lubber Pandhu Reviews: Celebrities in praise of Kollywood’s latest sports-drama Tamil Movie, Music Reviews and News

Lubber Pandhu starring Harish Kalyan and Attakathi Dinesh in the lead, released in theaters on September 20, 2024, and the sports-drama based on regional cricket has garnered a ton of…

‘The Deliverance’ trailer: Netflix spent a lot of money on this horror film from director Lee Daniels

Netflix reportedly paid $65 million for the rights to The Deliverance in a close bidding war, as you may recall, and the streaming service unveiled the film’s…