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 $400 million amount, although it could be even higher. One source described the deal as “LeBron-sized.”
Just as Nia DaCosta’s Candyman tops the U.S. box office, the film’s writer Jordan Peele has now signed a deal with Universal to develop TV shows together.
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Fresh off the release of his sophomore album Birds in the Trap Sing McKnight, Travi$ Scott is making big business moves. As Billboard reports, Scott just inked a major worldwide publishing deal with Grand Hustle Publishing/Universal Music Publishing Group. The deal will include all of his previous work, including Birds in the Trap Sing McKnight. “I’ve been chasing Travi$ Scott for years. His talent and ambitions are limitless. He’s a rock star, as well as being a brilliant writer/producer,” said Jody Gerson, the CEO of UMPG.
Continue reading Travi$ Scott and Universal Music Publishing Group Sign Worldwide Deal
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