Private equity firm Blackstone, which controls MNRK Music Group, announced Wednesday that rapper Snoop Dogg has acquired Death Row Records, which released his debut album nearly three decades ago and launched his career from the group.
The 30-year-old label, owned and operated by rapper Dr. Dre and music executive Marion “Suse” Knight, recorded and released two of Snoop Dogg’s albums before exiting in 1998.
“It’s nice to have owned the label early in his career and as one of the founding members,” the rapper said in a statement.
Tupac Shakur and MC Hammer were among the artists whose music was released through a Los Angeles-based record company.
The Death Row brand acquisition is the first part of a transaction that Snoop Dogg expects to see giving some of the label’s music rights — his own and other unspecified artists — to Variety, citing a source.
The deal comes on the heels of Snoop Dogg’s latest album, Back on Death Row, which is being released soon. Snoop Dogg is also set to perform in his first Super Bowl halftime show this Sunday alongside Dr. Dre, Eminem, Kendrick Lamar and Mary J. Blige.
Blackstone did not disclose the terms of the transaction.
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