NEW YORK Death Row Records, the hip-hop label that released seminal gangster rap albums by Tupac Shakur, Dr. Dre and Snoop Dogg, has been auctioned for $24 million.
The New York-based Global Music Group Inc. told The Associated Press on Monday that on June 24 it purchased Death Row, including its back catalog and current artist contracts.
The purchase concluded the roller-coaster saga of one of hip-hop’s most famous labels. Under owner Marion “Suge” Knight, Death Row sold tens of millions of albums in the heyday of early ’90s rap before collapsing in debt and mismanagement.
A former couple, Lydia and Michael Harris, claimed they helped found the label and won a judgment of $107 million, which they tried to collect in 2006. Unable to pay, Death Row and Knight filed for bankruptcy in April 2006, claiming debts of more than $100 million.
The New York-based Global Music Group Inc. told The Associated Press on Monday that on June 24 it purchased Death Row, including its back catalog and current artist contracts.
The purchase concluded the roller-coaster saga of one of hip-hop’s most famous labels. Under owner Marion “Suge” Knight, Death Row sold tens of millions of albums in the heyday of early ’90s rap before collapsing in debt and mismanagement.
A former couple, Lydia and Michael Harris, claimed they helped found the label and won a judgment of $107 million, which they tried to collect in 2006. Unable to pay, Death Row and Knight filed for bankruptcy in April 2006, claiming debts of more than $100 million.
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