Drake Signs $400 Million Deal With Universal Music Group
May 5, 2022 8:19AM EDT
LOS ANGELES, CALIFORNIA – JUNE 04: Drake attends the LA Premiere Of HBO’s “Euphoria” at The Cinerama Dome on June 04, 2019 in Los Angeles, California. (Photo by Frazer Harrison/Getty Images)
Drake signed a new deal with Universal Music Group worth $400 million.
It’s an “expansive, multi-faceted” endeavor “that encompasses recordings, publishing, merchandise, and visual media projects.”
Earlier this year, it was reported that The Weeknd had also signed a similar expansion of his prior deal with Republic (a subsidiary of Universal) which would likewise cover “recorded music, publishing, merchandise, and video.”
Looks like big things are in the works for these guys!
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