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dr. dre

2 mins read

Dr. Dre Selling Music Catalog Assets in $200 Million-Plus Deal

Dr. Dre is reportedly looking to cash out $250 million from the sale of his music-related assets.

Billboard reported that Shamrock Holdings and Universal Music Group are acquiring the assets in two separate deals; together, they are worth nearly $10 million per year.

Peter Paterno of King, Holmes, Paterno & Soriano has been Dr. Dre’s attorney for a long time, and he is said to have shopped the deals, which have been rumored for weeks but are now reportedly close to closing.

A source close to Dre confirmed the report, saying the final sale price is likely to be below the $250 million asking price, but well above $200 million. Representatives for the firm, Dre, Universal, and Shamrock either declined or did not immediately respond to Variety’s requests for comment.

Artist royalties from two solo albums and his share of N.W.A. artist royalties are said to be included, as well as producer royalties and the writer’s share of his song catalog in cases where he does not own publishing, which could include songs from his breakthrough album “The Chronic,” released in 1993.

According to Billboard’s sources, Shamrock (which owns some Taylor Swift master recordings) is buying this stake, which includes 75% to 90% of the package’s revenue, and UMG is buying the remaining 10% to 25%.

UMG has expressed interest in purchasing Dr. Dre’s assets, which could include the master recording of “The Chronic,” which is set to revert to Dre from Death Row Entertainment (which was recently acquired by Dre’s protégé Snoop Dogg last year) in August of this year, as well as his share of an Aftermath/Interscope joint venture with the Top Dawg label for Kendrick Lamar releases through that deal. Specifically, it does not include his share of Aftermath, the record label he co-owns with Interscope Records, his longtime label home at UMG.


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1 min read

Dr. Dre Donating $10 Million To Compton High School

Compton native, Dr. Dre has pledged to donate $10 million to help build a performing arts complex at the new Compton High School.

Dr. Dre views a model of the performing arts complex (Compton Unified School District)

“My goal is to provide kids with the kind of tools and learning they deserve. The performing arts center will be a place for young people to be creative in a way that will help further their education and positively define their future.”

“The support that Dre has shown over the years is unwavering and we are so excited that we will now be home to one of the greatest performing arts centers in the country,” said Satra Zurita, president of Compton Unified’s governing board of trustees.

“We are looking forward to blending both [Dre’s] vision and that of the district to provide opportunities for individuals to both explore and apply their creativity in the arts,” said Darin Brawley, Compton Unified superintendent.

Micah Ali, vice chairman of the CUSD Board of Education said the District is building what will be the most modern high school complex ever provided to public school students.

The center, which will offer creative resources and a 1,200-seat theater, is expected to break ground in 2020.


-Tony Oluwatoyin Lawson aka @thebusyafrican