Jem Aswad Executive Editor, Music In a rare move apparently themed for Labor Day, Bad Boy Records founder Sean “Diddy” Combs has “decided to reassign his Bad Boy publishing rights back to all Bad Boy artists and writers who helped build Bad Boy into the powerhouse it is today,” a source close to the situation confirmed to Variety on Monday.
The artists in question include the Notorious B.I.G.’s estate, Faith Evans, Ma$e, the Lox, 112 and “many more” unspecified creators.
Specific details were not immediately available but the assets are said to be worth hundreds of millions of dollars. Those assets have increased dramatically in value in recent years as artists or estates representing the music catalogs Bob Dylan, Bruce Springsteen, Genesis, Luther Vandross and many others have struck nine-figure deals selling or partially selling the rights to those catalogs.
The source notes that Combs has received multiple multi-million dollar offers for the rights to the Bad Boy publishing catalog, but instead has decided to reassign the rights to the songwriters.
Read more on variety.com
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