Influence Media Partners purchased American rapper-singer-songwriter Future's catalogue which spans 16years(2004-2020).
According to Hypebeast, despite the catalogue's exact price not being disclosed, a source close to the deal revealed that the rapper was paid in the "eight figures".
Future released 612 singles across eight studio albums over the above-stated period, in addition to collaborations, a reissued longplay(LP), mixtapes, and songs not listed on any full-length project.
Future's highest-charting solo single, Mask Off, is included. As is his GRAMMY Award-winning collaboration with Kendrick Lamar, Jay Rock, and James Blake on King's Dead.
His catalogue also includes Life Is Good, a classic collaboration with Drake and Selfish, a collaboration with Rihanna.
Speaking about the reasoning behind selling his catalogue he said, “I put everything into my music, and I wanted to make sure these were in good hands as I thought about the next chapter of these songs”
He continued by saying “I’m proud to partner up with Rene and the team at Influence Media and send a signal that this music has timeless value. My music is my art, and these songs represent some of the most precious artwork of my career.”
Influence Media’s Co-Managing Partner, Lynn Hazan, shared that she had worked with Future during her tenure at Epic Records.
What does it mean to sell your Catalogue?
The ownership of an artiste's or songwriter's composition(melody, lyrics, and beat) is commonly referred to as "publishing" or "catalogue"
When a catalogue is sold, the songwriter typically forfeits 100% of his or her copyright interest — all income and rights in each song.
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