Dr.Dre has its sights set on a lucrative music deal, which would sell the rights to some of his royalties and master recordings…and we’re told the price is well over $200 million.
The music mogul is set to sell off some of his music assets in two separate deals…one with Shamrock Holdings and the other with Universal Music Group…according to Billboard.
The possible deal with Shamrock looks like this… Dre is selling his artist royalties from two of his solo albums – his share of the NWA artist royalties, plus his producer royalties and the writer’s share of the music where he does not own the publishing rights.
The potential deal with UMG is a bit different… Dre is selling the master recording of his first solo album, “The Chronic”, plus his share of some Kendrick Lamar music.
Dre doesn’t sell all of his music…Billboard characterizes these deals as “passive income streams” that generate about $10 million a year…and he is NOT selling his stake in his record label, Aftermath.
Sources close to Dr. Dre tell TMZ … the actual sale price is actually tens of millions of dollars higher than the $200 million figure reported by Billboard.