Dr. Dre Close To Finalizing $200M+ Deal Including Music Assets: Report

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LOS ANGELES, CALIFORNIA - NOVEMBER 05: Dr. Dre introduces Inductee Eminem onstage during the 37th Annual Rock & Roll Hall of Fame Induction Ceremony at Microsoft Theater on November 05, 2022 in Los Angeles, California. (Photo by Theo Wargo/Getty Images for The Rock and Roll Hall of Fame)
The bundle of assets reportedly includes the master recording of "The Chronic" and Dre's share of Kendrick Lamar's music.

Dr. Dre is close to reaching an agreement in finalizing a deal that's worth $200M, according to Billboard.

Dre's selling a packaged deal to UMG and Shamrock Holdings that includes music income streams and owned music assets. The Emmy Award winner's assets, which reportedly generate $10M annually, are being sold in two separate deals to the companies.

INGLEWOOD, CALIFORNIA - FEBRUARY 13: Dr. Dre performs during the Pepsi Super Bowl LVI Halftime Show at SoFi Stadium on February 13, 2022 in Inglewood, California. (Photo by Kevin C. Cox/Getty Images)

Sources close to the situation claim that the deal with Shamrock includes artist royalties from a pair of solo albums, as well as shares from his royalties from N.W.A. Additionally, sources said his producer included his royalties and writer's share of his song catalog (the ones where he doesn't own publishing) in the deal. The writer's share could include songs from The Chronic.

UMG's potential deal with Dre could include the ownership of the master recording of The Chronic. Additionally, Dre's also including his share of Kendrick Lamar's releases under Aftermath/Interscope's deal with Top Dawg Entertainment. However, sources did not specify the songs included in the bundle. It should be noted his ownership stake in Aftermath isn't offered as part of Dre's assets for sale.

NEW YORK, NY - FEBRUARY 12: Dr. Dre at Madison Square Garden on February 12, 2015 in New York City. (Photo by Shareif Ziyadat/WireImage)

Shamrock Holdings could reportedly snag 75% to 90% of the revenue from Dre's packaged deal. At the same time, UMG could possibly gain 10% to 25% of the remaining package, consisting of revenue from owned assets.

There are conflicting reports surrounding the number attached to the deal. The asking price is upwards of $250M but sources close say that Dre will likely get closer to $200M. Ultimately, the deal seems to be anywhere between the two figures.

About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.
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