Drake signs huge Universal Music Group deal, reportedly worth $400 million

Scott Dudelson/Getty Images

If you thought for a second that Drake and all of his chart-topping music would be slowing down for any reason, think again. 

According to Variety, the Grammy-winning rapper just signed a massive deal with Universal Music Group that, while its value hasn’t officially been revealed, sources say could be worth upwards of $400 million.

What was confirmed by UMG chairman and CEO Sir Lucian Grainge on the company’s Q1 earnings call Tuesday morning that Variety attended were other details of the deal, such as it stretches across multiple projects, including recordings, merchandise and visual media. 

Drake’s partnership follows that of a similar UMG deal inked recently by The Weeknd, whose contract terms were also not shared. 

While we may not know the exact number, Drake is said to be on his way to making lots of cash with the new venture — a “Lebron-sized” deal as one insider referred to it. 

Copyright © 2022, ABC Audio. All rights reserved.

Show More

Related Articles

Back to top button