Death Row Records Finally Purchased By Global Music Group
LOS ANGELES, (RUSHPNREWS) 06/27/2008-As Yo! Raps previously reported, a judge ordered Suge Knight to auction off all of Death Row’s assets.The highest qualified bidder was Global Music Group at $24 million, which was also the starting bid.
Susan Berg, President of Global Music Group and formerly an aesthetician, has purchased the rights to Death Row Records as the only bidder!The deal includes the whole catalogue of Death Row´s classic albums including Dr. Dre´s “The Chronic” and Snoop Dogg´s “Doggystyle”.
Additionally, Global Music Group receives the rights to 20 unreleased 2Pac songs in the deal.Suge Knight´s Death Row label has been left financially crippled by his time in jail and a lawsuit by a couple claiming to have helped him set up the company.
Knight said that two prison sentences – five years in 1996 for violating probation, and another year in 2003 for assaulting a parking attendant – had cost the company millions of dollars. The label and Knight filed for protection under Chapter 11 of federal bankruptcy law. Knight has claimed debts of more than $100 million.
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