Broke R Kelly Looking to Sell Entire Publishing Catalogue for Below Market Value
- Broke US singer R Kelly is reportedly looking to sell his entire music catalogue for below market value
- The musician, who is currently in jail, is apparently struggling to make ends meet as the criminal cases and civil battles he is facing have left him cash strapped
- The singer's record label, Sony Music, wants nothing to do with him and not many business people are willing to risk their money on his music
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Top musician R Kelly is broke and is reportedly struggling to make ends meet. The veteran music star, who was once a world superstar, is even willing to sell his entire music catalogue at a cheap price just to get money while he is in prison.
It has been reported that earlier this month, the US singer's lawyer Devereaux Cannick told the court that Kelly's funds had "depleted" when he was making a request for free trial transcripts for his client.
Source: UGC
Complex reports that the ongoing criminal cases and civil battles against the disgraced musician leave him low on cash.
The publication also reports that the value of his music catalogue has taken a huge knock as many people have joined the #MuteRKelly campaign and stopped listening to his music. The singer’s own record label, Sony Music, has also cut ties with him.
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The Weeknd buys himself N28 billion mansion
In other music news, Legit.ng previously reported that world-renowned musician The Weeknd has forked out a whopping $70 million (over N28 billion) on a new mansion. The superstar bought the house in Bel-Air, Los Angeles.
The Canada-born singer is doing well in terms of dropping chart-topping songs and has been performing in some of the biggest shows amid the pandemic. The musician has decided to spend some of the money he has been making over the last few years.
Complex reported that the recently renovated mansion sits on 1.6 acres and has nine-bedrooms. It also overlooks the posh Bel-Air Country Club. It also has a movie theater, gym and a recording studio, among other features.
Source: Legit.ng
