In a seemingly rare Labor Day-themed move, Bad Boy Records founder Sean “Diddy” Combs has decided to “re-assign the copyright to Bad Boy to all of the Bad Boy artists and writers who helped build Bad Boy into the force it is.” today.” A source close to the situation confirmed to diverse on monday.
Artists involved include Notorious BIG Estate, Faith Evans, Ma$e, The Lox, 112, and other unspecified creators. Specific details were not immediately available, but the assets are said to be worth hundreds of millions of dollars.
The value of these assets has increased dramatically in recent years as artists or properties representing the music catalogs of Bob Dylan, Bruce Springsteen, Genesis, Luther Vandross and many others have entered into nine-figure deals to sell or partially sell the rights to those catalogs. The source notes that Combs received several multi-million dollar offers for the rights to publish the Bad Boy catalog, but decided instead to reassign the rights to the songwriters.
Mase, the multi-platinum selling Bad Boy rapper who has appeared with Combs on several songs, has frequently called out his former mentor over alleged money; Combs said on The Breakfast Club last year that Macy already had $3 million, which is a claim Massey vigorously contested. Mase said in 2020 that Combs rejected his offer of $2 million to publish Mase.
During the 1990s, it was not uncommon for record companies or label owners to take a percentage of an artist’s publications as part of a recorded music deal, although this syndrome faded as artists and songwriters became more aware of the value of their copyright.
“Combs sees this as part of a broader goal of promoting economic empowerment for black artists and culture,” says the source.
Combs has a new album, “The LOVE Album: Off the Grid,” featuring Justin Bieber, The Weeknd, Swae Lee, Mary J. Blige, and more, which will be released on September 15.
diverse You will have more information about the situation as it develops.
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