Snoop Dogg Owns Death Row Records; Rapper Says, “Extremely Meaningful Moment for Me”

Rapper Snoop Dogg, known for his famous Drop It Like It’s Hot song featuring the famous Pharrell Williams, has recently made the headlines for owning Death Row Records. It was founded in 1992 and previously owned by Dr Dre, Suge Knight, the D.O.C. and Dick Griffey. Now the Rap artist has acquired the brand of Death Row Records from MNRK Music Group. The private equity funds which control the label are managed by Investment firm Blackstone.

As per Variety, the terms of the transaction have not yet been disclosed. However, a source close to the situation told Variety that the rapper’s acquisition of the Death Row brand is only the first part of a transaction and that further developments will see him also acquiring some of the label’s music rights – his own and unspecified other artists, a deal which will reach its culmination in the coming weeks.

Snoop Dogg, the new owner of Death Row Records, said in a statement accessed by Variety, “I am thrilled and appreciative of the opportunity to acquire the iconic and culturally significant Death Row Records brand, which has immense untapped future value. It feels good to have ownership of the label I was part of at the beginning of my career and as one of the founding members.”

“This is an extremely meaningful moment for me. I would like to personally thank the teams at Blackstone, MNRK and especially David Kestnbaum, who worked collaboratively with me over several months to make this exciting homecoming a reality. I’m looking forward to building the next chapter of Death Row Records”, the statement further read.

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David Kestnbaum, a Senior Managing Director at Blackstone, said, “We at Blackstone are strong supporters of the artist and creator community in our entertainment investments. We are excited to put the Death Row Records brand back in the hands of a legend like Snoop Dogg. We wish him success in the years ahead as the brand moves forward under his leadership and vision.”

Check Out Snoop Dogg’s Hit Music Video Drop It Like It’s Hot:

Death Row Records was founded in 1992 in the wake of Dre’s departure from N.W.A. The label has a long history which has seen success and controversies in equal measures. Artistes like Dr. Dre, Snoop Dogg, Tupac Shakur, the D.O.C., Nate Dogg and Warren G, Michel’le have found the place on the record label’s roster with path-breaking albums like Dre’s ‘The Chronic’, Snoop’s ‘Doggystyle’ and Tupac’s ‘All Eyez on Me’ in its alley.

However, the label was marred by violence, some of which was instigated by Knight, who has a long record of assault convictions and is currently serving a 28-year voluntary manslaughter sentence.

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