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Kanye West Seeking $175 Million For Music Catalog Sale
Kanye West is ready to reap the rewards of running rap for decades ... he's ready to sell off publishing rights for his entire musical discography to the highest bidder. Billboard reports Ye is aiming to get upwards of 35 times the value of his net publisher’s share, or gross profit ... which adds up to a potential haul of $175 million. It's been estimated Ye gets paid $5 mil a year in royalties out of the $13.25 million total -- and has 35% songwriting share on his first 4 albums, and 20% share on the rest. Because the later albums such as "Donda" and "Jesus Is King" range from having anywhere between 10 to 24 ... (full story)
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