Dr. Dre Reaching Deal To Sell Music For Over $200 Million
Dr. Dre Closing In On Music Deal Worth Over $200 Million ... Selling Some Of His Assets
Dr. Dre has his sights set on a lucrative music deal, one that would sell the rights to some of his royalties and master recordings ... and we're told the price tag is well over $200 million -- WAY MORE than is being reported.
The music mogul is close to selling off some of his music assets in two separate deals ... one with Shamrock Holdings, and another with Universal Music Group ... according to Billboard.
The possible Shamrock deal looks like this ... Dre sells his artist royalties from two of his solo albums -- his share of N.W.A artist royalties, plus his producer royalties and the writer's share of the music where he doesn't own publishing rights.
The potential deal with UMG is a little different ... Dre sells the master recording of his first solo album, "The Chronic," plus his share of some Kendrick Lamar music.
Dre's not selling all of his music ... Billboard characterizes these transactions as mostly "passive income streams" that generate about $10 million annually ... and he's NOT selling his ownership stake in his record label, Aftermath.
Sources close to Dr. Dre tell TMZ ... the actual selling price is actually tens of millions of dollars higher than the $200 million figure Billboard is reporting.
Congrats, Dre. 💸