Future has sold a huge chunk of his publishing catalog from between 2004 and 2020, and is walking away with a massive eight-figure payday.
Influence Media Partners has acquired Grammy-winning Future’s publishing catalog from 2004 to 2020, the company announced. The prolific rapper’s work from those years spans 612 titles, including titles with frequent collaborator Drake (“Life Is Good,” “Jumpman”), Kendrick Lamar (“King’s Dead”), Rihanna (“Selfish”), and the Weeknd (“Low Life”) and his own solo hits like “Mask Off.”
According to Variety, Rene McLean, Influence Media partner and founding advisor, said, “Future is a cultural icon. He continues to be a blueprint for impact and success in the music industry and has reinvented music in ways that no one has ever expected. It is rare to find someone who moves music and culture at the same speed with his distinct vocal and melodic style. His prolific career and continued popularity more than 15 years into the game is a testament to his undeniable influence on the contemporary music and culture landscape. We’re honored to be partnered with him.”
Future added, “I put everything into my music, and I wanted to make sure these were in good hands as I thought about the next chapter of these songs. I’m proud to partner up with Rene and the team at Influence Media and send a signal that this music has timeless value. My music is my art, and these songs represent some of the most precious artwork of my career.”
“We consider Future an artist of the ages. He resonates across a spectrum of demographics. We’re so excited about this partnership, it’s a fitting addition to our growing repertoire of top-tier talent and promotes our forward-thinking mission. During my tenure at Epic Records, I was able to work with and support Future throughout his pivotal career. Now at Influence, it feels like fate to be able to collaborate with him again alongside my dynamic partners to protect his legacy and works,” said Influence Media Co-Managing Partner, Lynn Hazan.
Future has amassed a prolific discography in the first 16 years of his career—eight studio albums, four collaborative albums, one reissued album, one soundtrack, 16 mixtapes, four commercial mixtapes, and 114 singles (69 as a featured artist). Six of Future’s eight studio albums have reached No. 1 on Billboard’s Hot 200.
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This acquisition comes on the heels of Influence’s recently announced $750 million fund platform to invest in high-value compositions from diverse artists with backing from BlackRock, Inc. and Warner Music Group. Through this fund, the company has invested in over 20 catalogs from artists including Puerto Rican songwriter-producer Tainy, singer-songwriter Julia Michaels, songwriter Ali Tamposi, the hitmaking team The Stereotypes, singer-songwriter Jessie Reyez, and singer-songwriter Skyler Stonestreet.
Future was represented by Jeffrey Smith and Robert Finan of Greenberg Traurig, LLP. Influence Media Partners were represented by Lisa Alter, Katie Baron and Jaclyn Felber of Alter, Kendrick & Baron, LLP.
Earlier on Tuesday, Billboard released a report claiming Kanye was seeking up to $175 million for his catalog which came as news to him, as he debunked the story on Instagram after consulting with his team.
Bob Dylan, John Legend, Bruce Springsteen, The-Dream, and Stevie Nicks are just a handful of other musicians, outside of hip hop, who’ve also sold their catalogs within the past few years.
According to Hiphop DX, Aside from dropping his new album, King Pluto has been on a collaborative tear in 2022. He joined forces with SZA and DJ Khaled for the GOD DID single “Beautiful,” and recently linked up with Houston-bred rapper Lil Jairmy for his “On Me” song, taken from his new project Gas God 2.
He also gifted Real Boston Richey an FBG chain after working together on the latter’s “Bullseye 2” remix, and joined forces with Nav and EST Gee for their songs “One Time” and “Shoot It Myself.” Travis Scott additionally took to the stage at the Zouk nightclub in Las Vegas on Saturday night (September 17) and debuted a few new songs, one of which featured Future.
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Sources: Variety, TMZ, Hiphop DX
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