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Dr Dre Selling His Music Catalog For 250 Million

5,268 Views· 01/12/23
Charleston White
Charleston White
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Dr. Dre Selling Catalog Assets to Universal Music and Shamrock Holdings in $200 Million-Plus Deal. Dr. Dre is selling a collection of music income streams and other assets in a deal that was being pitched for $250 million, sources confirm to Variety.

The assets, which generate nearly $10 million annually, are being acquired by Shamrock Holdings and Universal Music Group in two separate transactions. The deals, which have been rumored for several weeks, are said to be nearly closed and were shopped by Dre’s longtime attorney Peter Paterno of King, Holmes, Paterno & Soriano. The news was first reported by Billboard.

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

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