Kanye West claimed he is not onboard with promoting his music catalog that features 11 solo albums. This got here after stories surfaced that Ye's staff has allegedly been engaged on a sale value over $100 million for his songs.
Kanye West, 45, alleged that his music catalog, value an estimated $13.25 million in annual publishing royalties, is being bought with out his permission. Ye in contrast the scenario to his former rival Taylor Swift, whose masters had been bought to Scooter Braun allegedly with out her data and permission in 2019. “Similar to Taylor Swift. My publishing is being put up for my sale with out my data,” Kanye wrote on his Instagram Tales on Tuesday, September 20. “Not on the market.”
Kanye West is such an enchanting character. Anyhow, no Taylor Swift no clout pic.twitter.com/wIEXI7u2BZ
— Steve (@steve03686723) September 20, 2022
The day earlier than Kanye’s put up, Billboard reported that Ye and his staff have been looking for potential consumers of Kanye’s music catalog. The rapper reportedly makes $5 million per yr from the $13.25 million in annual publishing royalties that his music generates. Allegedly, Kanye and his staff are hoping to promote his catalog for $175 million, although Ye’s assertion signifies that he’s not concerned within the potential sale.
Sony Music Footage is allegedly concerned within the sale of the catalog, per Billboard‘s sources, although efforts to ship off Kanye’s music “have slowed down in current months.” Sources additionally informed the publication that Kanye “has obtained presents from personal fairness and different music asset consumers”, however that he was by no means severely attempting to promote his catalog.
Kanye has launched eleven studio albums and two collaborative albums, one with Jay-Z, and the opposite with former Youngsters See Ghosts associate Child Cudi. Prior to now, Kanye has claimed that he doesn’t personal the masters to any of his music. He even sued Common Music Group and Sony/ATV Music Publishing in 2019 over the matter, although Selection later reported that Ye does personal some, however not all, of his masters.
The drama with Kanye’s music comes amidst main change for his YEEZY model. On Sept. 15, Kanye determined to reduce ties with Hole and formally finish the YEEZY Hole partnership after two years. Ye apparently despatched Hole a breach-of-contract discover that was responded to 2 weeks later, in line with The New York Instances, however Kanye wasn’t happy with the response and terminated their settlement. That each one occurred after Kanye publicly blasted Hole for ripping off his Balenciaga designs. He’s additionally hinted that he’s able to axe Adidas, one other longtime associate of YEEZY.