Death Row Gets Sold to New Label
Fri, 16 Jan 2009 15:17:03
Wide Awake Entertainment, a label with less than a year under its belt, has snagged Death Row Records for $18 million as part of a Chapter 11 proceeding in Los Angeles. Global Music had first agreed to buy the company last summer, but it was unable to raise the $25 million it bid for such platinum-coated assets as Dr. Dre's The Chronic, Tupac Shakur's All Eyez on Me and Snoop Dogg's Doggystyle.
Death Row filed for Chapter 11 protection in April 2006. Three months later, a California judge ordered a bankruptcy trustee to take over.
—The ARTISTdirect Staff