Rapper Future has reportedly sold his song publishing catalog in a major deal worth $65-$75 million.

Via Billboard:

Influence Media Partners, the music and entertainment investment company backed by BlackRock and the Warner Music Group, has acquired the music publishing catalog of hip-hop superstar Future in a deal that encompasses some 612 songs from 2004 to 2020.

The catalog includes such titles as Future’s Hot 100 Top 10 hit “Mask Off” and his collaborations with Drake on songs like “Jumpman” and “Life Is Good,” the latter peaking at No. 2 on the Jan. 25, 2020 Hot 100 chart. Other standouts include “Low Life, featuring The Weeknd, and “King’s Dead,” a collaboration with Jay Rock, Kendrick Lamar and James Blake.

Other than to say the deal represented an eight-figure acquisition (meaning $10 million or more), Influence Media Partners did not disclose terms of the deal. But Billboard estimates that Future’s publishing catalog could have fetched somewhere in the range of $65-$75 million. That’s based on estimates that Future’s own master recording catalog generated an average of about $9.6 million in publishing annually over the last three years for all the writers on the recordings. When his songwriting collaborations with Drake, Juice WRLD, Young Thug are added to it, Billboardestimates Future’s total share for his portion of the songwriting comes in at $4.4 million. While it’s unclear what net publishers’ share (gross profit or NPS) the catalog traded at, ifit traded in the range of 15-17 times NPS — multiples typically associated nowadays for superstar rap catalogs — then Future’s estimated $4.4 million in publishing royalties comes out to about $65 million to $75 million.

Source: Billboard

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