Dr sold some of his music assets and revenue streams in both deals Universal Music Group (UMG) and Shamrock Capital, Billboard and different report. The combined sale price is said to exceed $200 million. Pitchfork reached out to representatives for Dr. Dre, UMG, and Shamrock for comment.
The assets acquired by Shamrock Capital reportedly include Dre’s artist royalties from two of his solo albums, his share of NWA artist royalties, his producer royalties, and the writer’s share of his song catalog where none he owns publishing—which may include his writer’s share of the The Chronicwhich is published by Sony Music Publishing.
UMG reportedly acquired the master recording for Dre’s 1992 debut LP The Chronic—which Dre is set to bring back from Death Row Entertainment in August 2023—and his share of Kendrick Lamar’s releases through Top Dawg Entertainment’s deal with Interscope (A subsidiary of UMG) and Dre’s Aftermath imprint. Dre is said to have retained his stake in Aftermath, which he owns at Interscope.
The sale of Dre’s assets took place recently cease-and-desist that his lawyers sent Rep. Marjorie Taylor Green, who used Dre’s song “Still DRE” in a video posted on Twitter. The letter promises that Dre will “never give” the congressman “permission to broadcast or distribute any of his music.” It’s unclear to what degree Dre can restrict anyone from licensing his music after sales.
The speculative market for music assets continues to grow, expanding from classic rock and pop artists such as Genesis, Bob Dylan, Leonard Cohen, David Bowieand Bruce Springsteen to include hip-hop artists such as Chuck D, In the future, and now, Dr. Dr. In 2020, the “institutionally backed” investment firm Shamrock—originally founded in 1978 by Roy E. Disney as Shamrock Holdings—got six Taylor Swift albums from Scooter Braun’s Ithaca Holdings, who famously bought the rights from his former label Big Machine. Swift has been recorded again two on albums bought by Shamrock.