Late rapper Juice WRLD‘s music catalog was reportedly sold to Opus Music Group.
via: Billboard
A majority stake in late rapper Juice WRLD‘s rights and income streams quietly sold to Opus Music Group in early 2022 in a nine-figure deal, according to a source close to the acquisition. Opus now owns 90% of Juice WRLD’s interest in master recording income and 90% of his share of publishing ownership.
The prolific Chicago-born talent’s deal includes his “hundreds” of unreleased tracks as well as his full released music catalog. Ownership of his master recordings remains with his label partners, Grade A Productions and Interscope Records.
Opus Music Group is financially backed by Elliott Management, a New York-based investment management company with one of the largest activist funds in the world. According to Opus Music Group’s website, the firm’s portfolio includes works and recordings from several artists, producers and songwriters, including Juice WRLD, Rauw Alejandro and Maluma.
Juice WRLD boasts five top five-charting albums on the Billboard 200, encompassing the entirety of his charting releases. Two of those albums, Death Race for Love and Legends Never Die, finished at No. 1 on the tally. The late rapper has also charted nine songs on the Billboard Hot 100. He’s earned 16.3 million equivalent album units in the United States for his solo albums as well as his collaborative set with Future, according to Luminate. He also has 26.2 billion on-demand official streams in the U.S. for his catalog of songs where he’s billed as the primary artist, including those credited to Future & Juice WRLD from their collab set, according to Luminate.
Opus Music Group, which would not comment on deal terms, emailed the following statement to Billboard: “To represent the body of work of Juice Wrld – whose cultural significance and generational influence can’t be overstated – is an honor and a responsibility.”
A representative for Juice WRLD declined to comment.
