In a landmark deal, hip-hop icon Dr. Dre sold a significant portion of his music catalogue assets to Universal Music Group (UMG) and Shamrock Holdings for a reported sum of $200 million. Source

The sale includes publishing and master recordings of Dr. Dre's solo works, as well as his productions for artists like Snoop Dogg, Eminem, and 50 Cent. This transaction underscores the growing trend of artists selling their music catalogues as a means of securing financial stability and generating income.

Music rights are a valuable asset in the music industry. Types of music rights include mechanical rights, performance rights, and synchronization rights. Music rights societies like ASCAP, BMI, and SESAC collect and distribute royalties for these rights. Source

By selling his catalogue assets, Dr. Dre is securing a steady income stream from the exploitation of his music in various formats, such as streaming, broadcasting, and synchronization in films, TV shows, and advertisements.

This deal marks another significant investment in music catalogues, following similar transactions by artists like Bob Dylan, Neil Young, and Prince. Source

For more information on music rights and the music industry, visit the Recording Industry Association of America (RIAA) and National Music Publishers' Association (NMPA) websites. Sources, https://www.nmpa.org/