- Lil Wayne has reportedly sold the entire catalogue of master recordings from his record label, Young Money Entertainment
- The catalogue included recordings of albums from superstar artists Nicki Minaj and Drake
- The rapper made a huge sum of money from the deal with Universal Music Group
In a major move for the music industry, Lil Wayne has reportedly sold his master recordings to Universal Music Group for N38bn ($100m).
Lil Wayne reportedly sold the entirety of the catalogue from his record label, Young Money Entertainment, which includes records from the likes of music heavyweights Nicki Minaj and Drake.
There was chatter within the music industry about why Lil Wayne settled for N38bn when Bob Dylan's recent deal of a similar nature went through for triple that at N114bn ($300m). There was also speculation about which of Drake's albums were included in the deal.
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As for Nicki Minaj and her most recent album, Queen was also released under Young Money and it's been reported that almost all of the rapper's major releases have been under Lil Wayne's record label.
After the deal went through, it would appear as though Universal Music Group is now the official owner of all of Drake's recordings prior to 2018 and most of Nicki Minaj's past releases, even maybe some of her future ones.
In other news, Legit.ng earlier reported that Nigerians expressed excitement after Wizkid and Tems made Barack Obama’s list of favourite music in 2020.
The former president of the United States of America, Barack Obama took to his social media page to reveal the songs he enjoyed most in the year 2020.
Obama shared a list with names of 30 musicians who made his 2020 a great one and two Nigerian singers made the list.
Wizkid, Burna Boy become only African singers whose albums made GQ Magazine's list of Best Albums of 2020
The politician noted that he enjoyed the song Essence by Wizkid featuring Tems. Essence is one of the songs on Wizkid's Made In Lagos album.
Davido or Wizkid: whom would you rather hang out with? | Legit TV