The assets are being acquired by Universal Music Group and Shamrock Holdings in two separate transactions, and generate close to $10 million annually. The deals have been rumored for several weeks and Billboard confirms they're close to completion.
Per Variety, "assets include artist royalties from two of his solo albums and his share of N.W.A. artist royalties; his producer royalties; and the writer’s share of his song catalog where he doesn’t own publishing" —that might include songs from The Chronic. According to Billboard’s sources, that portion includes "75% to 90% of the package’s revenue and is likely being acquired by Shamrock (which owns some Taylor Swift master recordings), with UMG acquiring the remaining 10% to 25%."
In other Dr. Dre happenings, he's set to be honored during the second annual Recording Academy Honors Presented by The Black Music Collective event at the Hollywood Palladium on Thursday, Feb. 2. He'll receive the Recording Academy Global Impact Award for his personal and professional achievements in the music industry.