June
26
Death Row Records - Sold!
Story by Andrew Barker
Purveyor of the most controversial pop music of the last two decades, and longtime property of the most frightening man in the music industry, Death Row Records has been sold. The little-known Global Music Group paid $24 million for the label's assets, beating out both Warner Bros. and Koch Records.
The label -- once home to Dr. Dre, Snoop and Tupac; currently the home of no one you've ever heard of -- wracked up $750 million in revenue during its heyday, only to see all of its key talent depart, with many of them leveling allegations of extreme malfeasance against frequently-incarcerated CEO Suge Knight.
Knight filed for bankruptcy in 2006.
He was knocked out by some guy outside of an LA club earlier this year:
As for the current owners, they inherit Death Row's lucrative back catalogue and a number of unreleased Tupac recordings, as well as a host of labyrinthine legal entanglements and unpaid bills .
On a related note, some good news about Death Row valedictorians: AllHipHop.com has found a primary source to confirm that material for Dr. Dre's long-gestating, possibly apocryphal "Detox" actually exists. Unfortunately, that source is Snoop.




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