In a dramatic turn of events in the music industry, Drake has reportedly reached a private settlement with iHeartMedia following his legal claims against the radio giant. The Canadian rapper alleged that his record label, Universal Music Group, made covert payments to boost airplay for tracks not credited to him. According to sources, the settlement concluded with no acknowledgment of wrongdoing from iHeartMedia, allowing Drake to drop his petition while clearing the radio company of any accusations of inflating Kendrick Lamar’s streaming numbers, which could further complicate Drake’s standing in the competitive rap landscape.
Meanwhile, the music world is abuzz with news regarding the late Notorious B.I.G.’s catalog, which is currently on the market for a staggering $150 million. The sale follows the recent passing of B.I.G.’s mother, who had managed his estate since 1997. The publishing company Primary Wave is reportedly in talks to acquire both the publishing rights and masters tied to the iconic rapper’s music. The deal would include 50% of these rights, covering all aspects of B.I.G.’s persona, including his legal name, stage name, and likeness.
In another significant development, the Blackout movement initiated by community leaders has begun to show its impact on major retailers. On February 28, a nationwide call to action urged consumers to refrain from spending money at certain stores to protest their lack of support for diversity, equity, and inclusion initiatives. Data revealed that Target experienced a notable decline in web traffic, with a 9% drop on the Blackout day compared to the previous Friday, while Costco saw a 22% increase. This campaign aims to showcase the purchasing power of the Black community and its allies, with calls for a “Target fast” during the 40 days of Lent, starting March 5, to further emphasize the message.
Rick Ross, a prominent figure in the rap industry, recently found himself embroiled in a public spat with Freeway Rick Ross, a former drug dealer. In a social media exchange, Freeway Rick criticized the rapper’s business practices, particularly his ownership of Wingstop franchises. Rick Ross responded indirectly, implying that his rival should focus on more serious matters rather than personal attacks. This feud highlights the ongoing tensions within the hip-hop community, as artists navigate personal and professional rivalries in an ever-evolving industry.
As these stories unfold, they reflect the complexities and interconnectedness of the music, business, and cultural landscapes. The implications of Drake’s settlement, the sale of B.I.G.’s catalog, and the impact of consumer activism present a multifaceted view of a rapidly changing industry that continues to shape public discourse and community engagement.