See that gal over on the right? That’s Susan Berg (pic courtesy of TMZ). Her company now owns controversial gangsta rap label Death Row, former home to Dr. Dre, Tupac, Snoop Dog and many others.
How the hell is that possible, you wonder?
Well, after years of financial mismanagement, Death Row was put into receivership when CEO Marion "Suge" Knight filed bankruptcy in the wake of a $107 million judgment he was ordered to pay to label co-founder Lydia Harris.
Global Music Group, a Tennessee-based independent label Berg is an officer of, purchased the label for $25 million yesterday (June 25), beating out companies like Warner Music Group, EverGreen Copyrights and Koch Entertainment. Berg will oversee a new Tupac Shakur album this year culled from his many still-unreleased Death Row recordings.
Of course approval rights for future uses of Tupac’s works still must go through EverGreen and Shakur's heir.
"If they're smart they'd be calling me soon," says David Schulhof, EverGreen's co-CEO. "We approve all uses. They can't do anything with the catalog without us."
"Everybody's excited," a spokesperson for Global Music Group tells Billboard.biz.
Billboard.com: Global Music Group Acquires Death Row Assets