Death Row Records has been auctioned for $24 million.
New York-based Global Music Group told the Associated Press that it had purchased Death Row, its enviable catalog and current artist contracts.
The hip-hop label released major rap albums by Tupac Shakur, Dr. Dre and Snoop Dogg.
Global Music CEO Anthony Davi Jr. told the AP that the label planned to get "the best economic results of the catalog and provide long term stewardship of the artists' work."