Death Row Records Sold By Hasbro As Part Of $385m Blackstone deal
29 Apr 2021
Toymaker turned music catalog holder, Hasbro announced the sale of its music business company Entertainment One to the investment firm, Blackstone, for $385 million USD.
Hasbro who purchased eOne Music in 2019 subsequently came into possession of the legendary Death Row Records through the acquisition.
Death Row founded in 1992 by Dr. Dre, Suge Knight, The D.O.C. and Dick Griffey filed for bankruptcy in 2006, before landing in the hands of Canada’s eOne after purchasing its catalog for $280 million USD in 2013.
Hasbro’s CEO Brian Goldner said on the new deal, “This transaction will ensure that eOne Music is well-positioned to unlock great opportunities for its many talented artists and partners, as Hasbro continues to focus on the core strategic elements of … play and entertainment.”
When the deal is finalized eOne Music is expected to run as an entirely separate business under its current president, Chris Taylor.