The A list rapper has several issues when it comes to his music.
The biggest of these problems is he already signed away most of his catalog to his ex and also to the permanent A list rapper.
They can sell their portions and don’t have to tell him.
Plus, the credits in the catalog are so messed up because of a lack of good paperwork, and an abundance of greed.
Kanye West claims his music catalog is ‘put up for sale without my knowledge’
How could they be so Heartless?
Rapper Kanye West claims his music catalog is being “put up for sale” without his approval.
The “Donda” hitmaker, 45, rushed to Instagram Tuesday to question Billboard’s report that his “camp” has been “quietly and intermittently” shopping his publishing catalog.
The outlet reported that West’s reps met privately with prospective buyers to “explore what kind of valuation” his discography is worth, with the number being around $175 million.
“Just like Taylor Swift… my publishing is being put up for my sale without my knowledge. Not for sale,” the 24-time Grammy Award winner wrote on his Instagram Story.
The rapper referred to Swift’s famous feud with ex-manager Scooter Braun after he sold her masters from the Big Machine Label Group for over a reported $300 million.
Braun’s company Ithaca Holdings LLC signed on the dotted line for the Nashville-based independent record label in June 2019. The sale included Swift’s catalog from her 2006 self-titled debut album to 2017’s “Reputation.”
In response, the 11-time Grammy Award winner is re-recording her albums. – Source
Kanye West Camp Tests Market For His Song Catalog, Seeking 35-Times Gross Profit
Kanye West has been quietly and intermittently shopping his publishing catalog — an asset that generates about $5 million a year for the hip-hop star, sources tell Billboard. Over the past 10 months, representatives for West have met selectively with prospective buyers to explore what kind of valuation his song catalog could fetch, these sources say.
While no price tag has been put on the catalog as far as Billboard’s reporting could determine, it is understood among those who’ve been queried about the catalog that the superstar is seeking an eye-popping valuation: as much as 35 times net publisher’s share, or gross profit. To entice buyers to pay that much — a multiple beyond the upper end of current catalog valuation pricing — sources say that the buyer would also get the opportunity to sign a go-forward publishing deal with the multi-platinum artist.
Billboard estimates that the songs in West’s catalog generate upwards of $13.25 million in publishing royalties annually. But because songs from his later albums can have anywhere from 10 to 24 songwriters credited for each song (including songwriters on the sampled songs), it’s difficult to come up with an exact valuation for his share of the publishing payday. Looking at the catalog piecemeal, Billboard estimates that West has a 35% share of the songwriting on his first four albums, while on the later albums, it appears he has a 20% share of the writing. Sources say West’s share comes to $5 million annually.
At $5 million in annual income, a 35 times multiple suggests a $175 million valuation. While most superstar songwriters nowadays often seek a 30-times multiple, that’s rarely, if ever, been reached with even the highest-profile deals. The Bob Dylan publishing catalog, for example, is said to have gone to UMG for a 28 to 29 times multiple. Last year, sources told Billboard that some members in the Billy Joel camp were also testing the market to see what kind of valuation his catalog would fetch; it was unclear if Joel himself was on board with the play to test the waters. The Joel camp started out with even higher hopes before coming down to seeking a 35 times valuation. But potential suitors found that multiple too rich for their appetite, and no deal progressed to the point at which due diligence was performed, sources indicated. – Source
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