Dr. Dre Agrees $200 Million To Sell Music Catalog
Dr. Dre is set to take home $200 million by selling a piece of his decorated catalog.
, the legendary producer is closing in on two separate deals to offload a share of music income streams and other assets to Shamrock Holdings and Universal Music Group.
The deals, which were shopped by Dre’s longtime attorney Peter Patermo, were being pitched for a combined sum of $250 million. While the final sale price won’t quite be that high, a source close to the rap mogul said the figure will still be “well above $200 million.”
The assets, which net almost $10 million in annual income, include artist royalties from two of Dr. Dre’s solo albums and his share of N.W.A artist royalties; his producer royalties; and the songwriter’s share of his song catalog where he doesn’t own publishing, which may include tracks from blockbuster 1992 debut LP The Chronic.