Even though an official figure hasn't been published, Variety said that this was confirmed in UMG's Q1 earnings call.
Insiders, on the other hand, have suggested a figure of $400 million, which might be considerably higher.
According to one source, the deal is "LeBron-sized."
Drake was previously signed to Cash Money Records, which is owned by UMG, and then re-signed to UMG with the new deal, which encompasses recording, publishing, merchandise, and "visual media ventures.""Drake has the bargaining ability to negotiate a net profit share with the best agreement terms and a gigantic advance up front," an attorney in the music industry stated of his client.
The nature of Drake's relationship with Young Money/Cash Money is no longer known (also owned by UMG).
And, according to Complex, he has fulfilled his commitments under his prior UMG deal. ✍️✍️✍️ ✍️“feel free to disagree in the comments 👀 ☝️👆 & let JAIYEORIE know what U think!” 📎 COMMENTS 👈👉✍️🤳 DROP YOUR OPINIONS ✍️✍️✍️
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