The 30-year-old label, owned and operated by
rapper Dr. Dre and music executive Marion "Suge" Knight,
recorded and released two of Snoop Dogg's albums before his exit
in 1998.
"It feels good to have ownership of the label I was part of at
the beginning of my career and as one of the founding members,"
the rapper said in a statement.
Tupac Shakur and MC Hammer were among the artists whose music
was released through the Los Angeles-based record company.
The Death Row brand acquisition is the first part of a
transaction that is expected to see Snoop Dogg also acquire some
of the label's music rights - his own and other unspecified
artists - Variety reported, citing a source.
The deal comes on the heels of Snoop Dogg's latest album, Bacc
On Death Row, which is being released soon. Snoop Dogg is also
set to perform in his first Super Bowl halftime show this
Sunday, along with Dr. Dre, Eminem, Kendrick Lamar and Mary J.
Blige.
Blackstone did not disclose the terms of the transaction.
(Reporting by Nishara Karuvalli Pathikkal in Bengaluru; Editing
by Krishna Chandra Eluri)
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