Drake has signed a multifaceted deal with Universal Music Group that is reportedly worth £320million.
UMG Chairman and CEO Lucian Grainge confirmed the news during the label’s Q1 earnings call, revealing that the 35-year-old rapper’s deal includes recording, publishing, merchandise and visual media projects.
Corresponding diversity, An official number of the deal was not announced. However, an insider described it as “LeBron big.”
Sources told the publication the deal could be close to $400m (£320m).
The Toronto-born musician was previously signed to Cash Money through UMG-owned Republic Records.
Drake – real name Aubrey Graham – was last month granted a three-year restraining order against a woman named Mesha Collins who threatened to “break into” his home.
A U.S. judge issued the order on April 19 after attorneys argued that Collins had engaged in behavior “consistent” with her “prior pattern” of using civil processes and procedures to gain access to the rapper.
According to documents obtained by the PA news agency, Collins was given “timely and proper notice” of the hearing but did not appear.
Drake wasn’t there either. Instead, he was represented virtually by his attorneys, Stanton Lawrence Stein and Ashley Yeargan.
The legal documents revealed that Collins threatened last month to “get back into (Drake’s) house” if he didn’t buy her “a brand new house and car” for her birthday.
Collins is said to have previously made threats against Drake and his four-year-old son Adonis Graham.
The restraining order, which instructs Collins to stay at least 100 yards from the rapper at all times, expires on April 11, 2025.
https://www.independent.co.uk/arts-entertainment/music/news/drake-universal-music-deal-b2071200.html Drake signs LeBron-sized Universal Music deal