Irv Gotti Inks Deal For $3oo M
Irv Gotti Inks Deal For $300 M. The Murder Inc. founder has made a great business move. This will set him up for life.
Irv Sells 50 Percent Of His Masters
Irv Gotti Inks Deal For $300 M. This is a monumental deal for Irving Lorenzo Jr. Lorenzo is a hip-hop legend. He was instrumental in helping Jay-Z and DMX’s careers.
It was Russell Simons, Def Jams founder who gave him his own record label. And, Lorenzo went on to have great success. Of course, he had some hiccups along the way.
In fact, Lorenzo and his brother Christopher have been involved a police investigation. They were accused of alleged money laundering, as reported by Wiki.
Supposedly, the brothers were in cahoots with drug kingpin Kenneth “Supreme” McGriff. But when the investigation was over, both Lorenzo and his brother were acquitted.
Neither brother was responsible for any of McGriff’s crimes. Nevertheless, Lorenzo spent a fortune on attorneys. So, this new deal will more than recover any loss.
Irv Gotti BREAKS DOWN In TEARS Why Signing LIFE-CHANGING DEAL, Worth $300 MILLION DOLLARS.
In addition, Lorenzo’s deal with Iconoclast will allow him to create more films. Here is what Lorenzo shared,
“I’m signing a deal worth $300 million. I’ma tell you what it is: $100 million of the deal is me selling my masters. What my billionaire n-gga was saying, he’s absolutely right. 20 years later, my masters — and I only own half, I own 50-50 with Universal Music Group — half my masters is worth $100 million. That’s fucking insane!”
Actually, $200 million is a line of credit, as reported by HipHop DX. As a matter of fact, I remember how successful the TV series “Tales” was for Lorenzo. It appears he has found his niche.
Having said this, we can look forward to seeing more TV programs from him.
Hip Hop News Uncensored. It’s the Leader in Hip Hop content on YouTube
