Published: Thursday - June 26, 2008
Words by Ronnie Gamble
Suge Knight (Photo: Death Row Records)
Suge Knight's longtime label, Death Row Records, was auction off and sold on Wednesday (June 25) for the bargain price of $24 million. The money, however, will not go to Knight, but instead, will go toward paying off debts accumulated over the years, thanks to a bankruptcy court judge.
According to TMZ, Global Music Group's president Susan Berg put in the winning bid, putting her in control of a impressive vault of recordings -- includes works recorded while a Death Row from the likes of Tupac Shakur, Snoop Dogg, and Dr. Dre.
In the purchase, 20 unreleased Tupac tracks came with it.
Death Row, in its heyday, was one of the biggest and most successful labels. Under Knight's guidance it became one of the first black owned hip-hop labels to retain its masters, and sold millions albums during its time on top.
After Tupac's death and Suge's incarceration, the label fell from the top, with its only notable releases coming from the late Tupac.
The label was taken over by the bankruptcy court, who sold it to Berg. Before its sale, Warner Music Group and Koch Records were both reportedly interested in purchasing the label's catalog.
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