Published: Thursday - May 29, 2008
Words by Ronnie Gamble
Death Row Records logo (Photo: Death Row Records)
Looks like Death Row Records will finally be auctioned off to the highest bidder.
According to court documents obtained by TMZ.com, the label once owned and operated by Suge Knight has been placed on the auction block and will go to the highest bidder on June 24.
The documents state that "all of the recorded music business assets of the estate, along with substantially all of the music publishing business assets of ... Marion 'Suge' Knight" are what are for sale.
Some of the music and rights that are included will be works of Tupac Shakur, Snoop Dogg, Dr. Dre and the Dogg Pound.
The minimum starting bid is $24 million.
Any parties who wish to put in a bid are required to do so before the deadline of June 10th.
Knight lost control of the label in July 2006 after long-winded legal battle over the estate after he a judge awarded a couple, claiming to have fronted the seed money to start the label, $107 million.
The sale of Death Row was to begin in late 2007, but was halted when Dr. Dre and Afeni Shakur filed suits over the rights of past recordings of Dre's solo debut, The Chronic, and several of Tupac's music. It is unclear how these suits have been handled since, but the auction has commenced.
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