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.”
The United States Mint has announced that Maya Angelou and Sally Ride will be the first two women honored as part of the American Women Quarters Program, which will commemorate the accomplishments and contributions of 20 prominent woman in American history by putting them on the back of quarters, New York Times reports.
On Wednesday, the Mechanical Licensing Collective announced it had received $424.38 million in unmatched royalties from Apple Music, Amazon Music, and Spotify among other streaming services. Variety reports that these streaming services paid the accrued historical unmatched royalties, often called “black box money,” to the MLC in order to get these royalties to copyright holders, songwriters, and publishers who have applied to be MLC members.