Drake Signs Universal Music Group Deal Reportedly Valued at $400 Million

Drake has signed a new multifaceted deal with Universal Music Group that’s reportedly valued as high as $400 million.

The news was confirmed in UMG’s Q1 earnings call, as Variety reported. An official figure wasn’t revealed; insiders have pointed to the $400 million amount, although it could be even higher. One source described the deal as “LeBron-sized.”

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