Drake secured the bag. Not that he didn’t have it already, but he’s inked a major and massive new deal.
Rumored to be worth upwards of $400 million, Variety reports (Chief Executive Officer) Lucian Grainge confirmed during Universal Music Group’s Q1 earnings call that the ‘6 God’ inked a huge deal with the music corporation. Described as “Lebron-sized” among industry insiders, ‘Drizzy”s new deal encompasses much more than just music.
Grainge previously joked that Drake has an unlimited budget, and look at where they are now. Their agreement includes recordings, publishing, merchandise, as well as visual media projects.
A top music industry attorney told Variety, “Drake has the bargaining power to negotiate a net profit split with the best deal terms and a humongous advance up front.”
This can’t be a surprise to anyone, honestly. We all know the OVO boss rakes in big streamingnumbers, and with that comes the cash. Congratulations Drake!
Until the next time it drips…
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