Last month, Voletta Wallace, mother of the late rapper, Christopher 'The Notorious B.I.G' Wallace died 78 [click here if you missed that].
Now it's being reported that Biggie's Estate was in the process of selling his publishing rights for upwards of $100 million...
The music, name and likeness of Notorious B.I.G. will soon have a new home as the late rapper’s estate is close to signing a deal with Primary Wave, The Hollywood Reporter has learned.
According to multiple sources, publishing rights to the Brooklyn legend’s catalog of work are on the table for $100 million, as are master rights for a slightly higher price (another $30 to $50 million, an insider shares). Both include publicity rights which cover an individual’s name (Christopher Wallace was B.I.G.’s legal name but he also went by Biggie Smalls and, colloquially, Biggie), image, voice and other identifiable characteristics like key verses in lyrics. Master rights include the actual recorded works, as opposed to the compositions (or songwriting) covered under the publishing umbrella.
The deal is said to encompass 50 percent of both publishing and master rights, with the right of publicity included. While the transaction price is unclear (a source suggests it will be in the eight figures, not nine), the deal is on its way to close, likely in the next couple of weeks, after which Biggie will join an already impressive roster of legends at Primary Wave, including Bob Marley, Whitney Houston, Stevie Nicks and Luther Vandross, whose Sony Music Vision-produced documentary Luther: Never Too Much recently picked up two NAACP Image Awards including for best documentary.
9 comments:
And the beat goes on.
Literally.
At least his kids will get some of that money.
👀👀
Did Doodoo make this deal behind bars to pay for his legal fees?
After The Deal Goes Through, Then It'll Be A'ight To Down Load His Catalogue 4 FREE. Bloop!
this don't seem suspicious?
Not only is this suspicious. I’m suspicious of all these large companies buying our music while preventing our history from being taught in public schools.
They don’t want us. They only want what we produce. Nothing new.
'Big and Ugly as ever, however' Bar!
RIP Biggie & Ms. Wallace
THOUGH I'VE NEVER BEEN A BIGGIE FAN, I HAVE LISTENED TO HIS BEST OF/GREATEST HITS & I MUST SAY IT'S AN AMAZING CATALOGUE IF I DO SAY SO MYSELF.
THE PROBLEM IS: HIS MUSIC, THE TRACKS ARE MOSTLY IF NOT ALL INTERPOLATIONS OF OTHER ARTISTS' PAST WORK IF NOT OUTRIGHT LOOPED UNDER HIS LYRICS, THUS THE MONEY FROM THE SALE OF THE MUSIC CATALOGUE WILL NOT BE SOLELY INHERITED BY WALLACE'S OFFSPRING, BUT ALSO THAT OF EVERYONE WHO MAY HAVE HAD THEIR MUSIC TRACKS USED UNDER THE LYRICS OF HIS HIT SONGS FROM THE 90'S, DEPENDING ON WHAT MAY HAVE BEEN WORKED OUT AHEAD OF THE SALE.
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