eOne purchased the rights to the Death Row Records catalogue

[CEITEDMOFO]

During the year,
Entertainment One purchased the rights to the Death Row Records catalogue,
representing one of the most successful urban genre catalogues in the music industry.

The Group invested £175.0 million in content rights and television programmes in
the year (2012: £135.8 million) and £4.2 million (6 million $) to purchase the iconic music library
assets of Death Row Records.
-------------------------------------------------------------------------------------------------------------------------------


Some Court files about Death Row situation over tha last months


NOVEMBER 29, 2012

Approval of the Sale Agreement 10. As previously described by the Monitor in prior reports to Court, and as will be set out in the Fifth Report, NSFC has been engaged in a process to sell its interest and/or the assets of Deathrow. The Sale Agreement is in the process of being finalized and is the result of such process and represents the highest and best offer received for NSFC’s interest in and/or the assets of Deathrow. 11. The Sale Transaction is structured as an asset sale from Deathrow, which is not subject to these proceedings and is a Delaware company. The proceeds of the Sale Transaction will be used to repay amounts owing to the DIP Lender in full with the remainder of the net proceeds used to repay amounts owing by Deathrow to NSFC in NSFC’s capacity as secured creditor of Deathrow

OCTOBER 1, 2012

WIDEAWAKE DEATHROW ENTERTAINMENT LLC - Secured loans 0f $31 million - As set out in the Second Report, Deathrow is a wholly owned subsidiary of NSFC and is inthe entertainment business. Deathrow’s primary asset is a hip hop and r&b music library located in Los Angeles, California. Notwithstanding there has been no meaningfulinvestment in Deathrow’s music catalogue and operations in recent years, Deathrow has a self-sustaining cash flow from licensing and publishing royalties and worldwide brand reco gnition. - As set out in the Third Report NSFC, through the CRO, with the approval of the Monitorand in consultation with Proforma and Argyle, corresponded with several parties thatpreviously expressed an interest in purchasing Deathrow and/or certain other assets of theNSFC Group with a View to obtaining LOls from them by August l0, 2012. NSFC extended the deadline for submission of LOIs to August 17, 2012. - Through discussions with the various interested parties, NSFC narrowed down prospectivepurchasers for Deathrow to a limited number of parties with the apparent resources andability to complete such a transaction. In addition, the Monitor and counsel have beenactively engaged with the CR0 and Companies’ counsel in the negotiation of the final terms and 00nditions associated with the LOi’s submitted for Deathrow (the “BER LOI’s”)

DECEMBER 3, 2012

"the Monitor’s recommendation with respect to the proposed sale of the business and substantially all of the assets of Wideawake-Deathrow Entertainment, LLC (“Deathrow”), which is NSFC’s most valuable asset"

MARCH 1, 2013

"Wideawake Entertainment Group Inc./Wideawake Deathrow LLC (a Delaware corporation) — Wideawake Deathrow LLC owns the Deathrow Records catalogue (which is currently being marketed for sale). Wideawake Entertainment Group Inc. owns a music recording studio located in Liberty Village, Toronto"(...) The purpose of this report (the “Eighth Report”) is limited to provide the Court with (...) information regarding the sale process for and assignment in bankruptcy of Wideawake Entertainment Group Inc. (“WEG”); and the Monitor’s recommendation with respect to NSFC’s proposed sale of the assets of WEG"

MAY 7, 2013

"due to a $174,000 payment to Kaufman Entertainment Law Group for outstanding legal fees related to the sale of the assets of Wideawake-Deathrow Entertainment LLC"

 

[the rhyme king]

oh god i hope don't put out more shytty pac albums.

 

[Long Live The Kane]

The Group invested £175.0 million in content rights and television programmes in
the year (2012: £135.8 million) and £4.2 million (6 million $) to purchase the iconic music library
assets of Death Row Records.

£175.0 million pounds is $267million US dollars and neither Suge nor Dre got a dime ...that's a goddamned shame, not as much for Dre whose filthy rich anyway...but it's messed up that at least one of them didn't end up owning that catalog

edit: or did I read that wrong initially and that 267million are total investments by E1 for the year, and they only paid $6million for the Death Row catalog

 

[CEITEDMOFO]

its crazy

 

[L&HH]

The Group invested £175.0 million in content rights and television programmes in
the year (2012: £135.8 million) and £4.2 million (6 million $) to purchase the iconic music library
assets of Death Row Records.

£175.0 million pounds is $267million US dollars and neither Suge nor Dre got a dime ...that's a goddamned shame, not as much for Dre whose filthy rich anyway...but it's messed up that at least one of them didn't end up owning that catalog

edit: or did I read that wrong initially and that 267million are total investments by E1 for the year, and they only paid $6million for the Death Row catalog

I dont think they spent 260million on the library, you have it right in the edt

 

[Buckeye Fever]

This is why I never wanna hear how great businessmen these so call hip hop moguls are. No way that catalog shouldve been up for grabs like that

 

[Digga38]

who they buy it from?

 

[Mandizi]

That name(cause I can't even call it a label) has been tossed around more times than a drunk chick at a frat party.