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June 27 - Death Row Sold To Some Middle Aged White Lady for 20 Million

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  • June 27 - Death Row Sold To Some Middle Aged White Lady for 20 Million

    Death Row Records, Sold for 24 Mil to Global Music Group

    Global Music Group, a Tennessee-based independent label, has acquired Death Row Records and could release a new Tupac Shakur album this year.

    Susan Berg, the label's owner, purchased the historic hip-hop label for $25 million, beating out companies like Warner Music Group, EverGreen Copyrights and Koch Entertainment.4
    "Everybody's excited," a spokesperson for Global Music Group said.

    Marion "Suge" Knight founded Death Row Records in 1991 and soon reached a blistering peak with releases by Dr. Dre, Snoop Dogg and Tupac Shakur. However after years of financial mismanagement, Death Row was put into receivership when Knight filed bankruptcy in the wake of a $107 million judgment he was ordered to pay to label co-founder Lydia Harris.

    As a result, Death Row was available for auction starting Tuesday.

    The majority of the company's assets appeared to be those of Shakur -- both master recordings and compositions -- including previously unreleased recordings. However, sorting through the assets to determine what rights Death Row holds in masters and publishing may be a challenge, as approval rights for future uses of Shakur's works still must go through EverGreen and Shakur's heir.

    "If they're smart they'd be calling me soon," says David Schulhof, EverGreen's co-CEO. "We approve all uses. They can't do anything with the catalog without us."

    Schulhof says EverGreen did not purchase Death Row because it's a hornet's nest of unpaid bills, including claims by countless songwriters who never received royalties.

    "Honestly, it became too expensive," says Schulhof. "Whether Death Row still has to pay those songwriters or not as a function of law or whether the court wiped that out is not clear. Global Music Group may wake up and have a nasty surprise."

    However, Schulhof says Global now owns at least several albums worth of Shakur music and it's not implausible for the independent to release a posthumous album this year.

    Now Watch The Old Lady hahaha


    http://link.brightcove.com/services/...ctid1630417653
    Think, Act, Make & Spend Money Like A True Business Individual A.K.A. A Baller.

    Business To Bling - The Realest Blog On Creating Wealth

    Gold Plated Executive Gifts

  • #2
    uhhhhh.

    why.

    Comment


    • #3
      She's not some random old lady.

      She was with Warners for a whiles.

      People wanted Death Row and didn't want it at the same time because of how many lawsuits follow the label.
      HEADSHOTS; NIGGA FUCK YO VEST

      www.***********.info

      Comment


      • #4
        i guess the official end of an era. suge's character aside, death row at its prime brought out some of the best music hip hop has ever seen...

        Comment


        • #5
          1st he gets shot..then K.O'd now he loses death row karma at it's finest....something tells me things are only about to get worse for suge..being charged for 1st degree murder comes to mind.(cough)biggie.

          Comment


          • #6
            I could see why someone would want to buy Death Row Records. I mean its the label that started gangster rap. And is known for its legendary signed godfathers of rap. And the price is just amazing for what it sold for.
            But at the same time, with all the lawsuits, music copy rights, and drama. It wouldnt be worth it, because in the end all you'll probable own is the record label name. And still you'd probable have to pay someone else everytime you use the label name or logo.
            Fuck abeer run lets continue the fun. I keep my brand in stock. Crisper on lock.

            Comment


            • #7
              shes sexy

              Comment


              • #8
                Originally posted by Wes_Belvy View Post
                1st he gets shot..then K.O'd now he loses death row karma at it's finest....something tells me things are only about to get worse for suge..being charged for 1st degree murder comes to mind.(cough)biggie.
                Originally posted by JustP1ayin
                If you aren't using a clancey beat, you aren't doing it right
                SOUNDCLICK

                Comment


                • #9
                  Such a gamble buying that label i hope the new 2pac album is good.

                  http://ie.youtube.com/watch?v=T4E5Ka...e=channel_page
                  http://www.youtube.com/watch?v=P6hG7...e=channel_page

                  Comment


                  • #10
                    damn just let this company go!
                    "Let no man seperate what we create"
                    "Makaveli 1996"

                    Comment


                    • #11
                      yeah im sure hes good with 20 mill....probably blow it hookers and crack
                      Think, Act, Make & Spend Money Like A True Business Individual A.K.A. A Baller.

                      Business To Bling - The Realest Blog On Creating Wealth

                      Gold Plated Executive Gifts

                      Comment


                      • #12
                        im sure this lady is over nine thousand
                        歐陽靖

                        Comment


                        • #13
                          Originally posted by crackheard420 View Post
                          Global Music Group, a Tennessee-based independent label, has acquired Death Row Records and could release a new Tupac Shakur album this year.
                          Let the man rest in peace.
                          NY STATE OF MIND

                          Comment


                          • #14
                            suge's workin on blackball records anyway...a most definite flop label

                            Comment


                            • #15
                              she's mobin on death row now!!!

                              Comment

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