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Thursday, January 12, 2023

Universal Music Group to Acquire Dr. Dre Catalog


Dr. Dre is an American rapper and record producer. He is the founder and CEO of Aftermath Entertainment and Beats Electronics, and previously co-founded, co-owned, and was the president of Death Row Records.

The pioneering N.W.A. rapper and self-made entertainment mogul is selling an assortment of music income streams and other assets to Shamrock Holdings and Universal Music Group (UMG) in deals totaling between $200 and $250 million.

Dr. Dre has another multi-million dollar deal to add to his music mogul resume. According to reports from Billboard, the producer has sold his assets to Universal Music Group and Shamrock Holdings. While he sought over $250 million, it was reportedly being inked for a little over the $200 million mark in two separate deals.

The musical assets sold generate an estimated $10 million in yearly income. According to the report, Dr. Dre’s attorney Peter Paterno of King, Holmes, Paterno & Soriano shopped the deals.

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