web stats
  • Home
  • Music
    • All Music
    • Freestyles
    • Mixtapes
  • Videos
  • News
  • Exclusives + Premieres
    • Premiere
    • Exclusive Interviews
No Result
View All Result
  • Home
  • Music
    • All Music
    • Freestyles
    • Mixtapes
  • Videos
  • News
  • Exclusives + Premieres
    • Premiere
    • Exclusive Interviews
No Result
View All Result
No Result
View All Result
News

Drake Reportedly Re-Signs with Universal Music; Deal Described as “Lebron-sized”

Navjosh by Navjosh
May 4, 2022
Drake Premieres New Song ‘Give It Up’ On OVO Sound Radio — Listen

Drake has reportedly re-signed with Universal Music Group which has been his home since start of his major label career.

Sir Lucian Grainge did a Q1 earnings call with the team on Tuesday where they reported $2.31b in revenue, a 21.6% bump over 2021’s Q1. “As important as the positive performance of the business this quarter is its breadth and strength,” said UMG Chairman and CEO Sir Lucian Grainge. “Our strategic portfolio approach—creatively, geographically, technologically and across a broad range of artists, partners, formats, businesses and revenue streams—not only delivers results now but, over the long run, we believe will produce an even better and more stable performance while providing incredible value to our artists and shareholders.”

But he also confirmed during the call that Drake has re-signed with Universal’s Republic Records in a multi-faceted deal with the company that encompasses recordings, publishing, merchandise and visual media projects. He mentioned “expanded portfolios” that includes various creative lanes and revenue streams, similar to what was recently announced with The Weeknd’s re-signing with Republic.

The money part has, of course not been disclosed but one insider explained the deal to Variety as “Lebron-sized,” without putting a number on it. Drake’s music brings in about $50 million annually according to sources, so his deal with the world’s biggest music company could be in the vicinity of $400 million or more.

HHNM has reached out to reps for Drake and Republic Records for comment.

Related Posts

Metro Boomin Confirms Lil Wayne, Nas, ASAP Rocky Features on Spider-Verse Soundtrack
News

Metro Boomin Confirms Lil Wayne, Nas, ASAP Rocky Features on Spider-Verse Soundtrack

4 days ago

...

Read more
DaniLeigh Arrested for DUI Hit & Run in Miami
News

DaniLeigh Arrested for DUI Hit & Run in Miami

4 days ago

...

Read more
Meek Mill Calls DJ Drama A “Goofy”, Shares Combative Text Messages
News

Meek Mill Calls DJ Drama A “Goofy”, Shares Combative Text Messages

5 days ago

...

Read more
Multiple Drake Demos Leak, Including Dr. Dre ‘Detox’ Reference & ‘Jaded’ With Ty Dolla $ign Verse
News

Multiple Drake Demos Leak, Including Dr. Dre ‘Detox’ Reference & ‘Jaded’ With Ty Dolla $ign Verse

6 days ago

...

Read more
Lil Durk ‘Almost Healed’ First Week Sales Projections
News

Lil Durk ‘Almost Healed’ First Week Sales Projections

7 days ago

...

Read more
Here Are The Production Credits For Lil Durk’s New Album ‘Almost Healed’
News

Here Are The Production Credits For Lil Durk’s New Album ‘Almost Healed’

1 week ago

...

Read more
Load More
ADVERTISEMENT

Sign up for our NEWSLETTER for breaking stories and exclusives.

We never share your email with any 3rd party. You can unsubscribe at any time.


 

POPULAR

News

Donald Trump Says Kanye West Is Acting “Crazy” & Needs “Help”

October 17, 2022
News

Kanye Calls Drake “Greatest Rapper Ever”; Claims Drake Slept with Kris Jenner

October 16, 2022
News

Nicki Minaj & Latto Diss Each Other on Twitter; Latto Calls Nicki a “Bully”

October 14, 2022
HipHop-N-More

© 2008-2023 HipHop-N-More. All Rights Reserved.

HHNM

  • About
  • Privacy Policy
  • Contact Us
  • Submit Music

FOLLOW US

No Result
View All Result
  • Music
  • Videos
  • News
  • Exclusive Interviews
  • Premiere
  • About Us
  • Contact Us
  • Advertise With Us
  • New Artist Submissions
  • Read us on Google News
  • Read us on Apple News

© 2008-2023 HipHop-N-More. All Rights Reserved.