Snoop Dogg Acquires Debut Label Death Row Records
Hip-hop legend Snoop Dogg has announced the acquisition of the Death Row Records brand from MNRK Music Group.
MNRK Music Group is controlled by private equity funds managed by leading global investment firm Blackstone.
Terms of the transaction were not disclosed. The deal comes on the heels of Snoop Dogg’s latest album, B.O.D.R.
Snoop Dogg said he is thrilled and appreciative of the opportunity to acquire the iconic and culturally significant Death Row Records brand, which has immense untapped future value.
“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. This is an extremely meaningful moment for me,” Snoop said.
He added, “I would like to personally thank the teams at Blackstone, MNRK and especially David Kestnbaum, who worked collaboratively with me over several months to make this exciting homecoming a reality.
I’m looking forward to building the next chapter of Death Row Records.”
David Kestnbaum, a Senior Managing Director at Blackstone, said, “We at Blackstone are strong supporters of the artist and creator community in our entertainment investments. We are excited to put the Death Row Records brand back in the hands of a legend like Snoop Dogg. We wish him success in the years ahead as the brand moves forward under his leadership and vision.”
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