Zaytoven has sold his extensive music catalog of hits for Migos, Lil Wayne, Travis Scott and more to Ultra International Music Publishing as part of a new deal with the company.
According to a report from Variety on Tuesday (January 24), the deal consists of 560 songs written between 2005 and 2022, including Migos’ breakout hit “Versace,” Travis Scott’s “3500,” Lil Wayne’s “Problems,” 21 Savage’s “Famous” and more. The sale amount has not been disclosed.
The deal will also include new music from Zay. In a statement, UIMP founder/CEO Patrick Moxey expressed his excitement to work with the legendary producer.
“Zaytoven is an extraordinary talent,” Moxey said. “He is the Father of trap music and has been the driving force of much of how we define that genre. Gucci Mane, Migos, Future – he’s been right there with these artists from the beginning in 2004 right up to the present day. I’m proud to announce that after working with him since 2007 we continue to be focused on future success.”
The new deal arrives just after Zay launched his own record label alongside music executive Big Trill called ZTP. In his announcement about the imprint last month, the Atlanta native revealed they’re in the process of recruiting new talent.
“We are Blessed to announce that ‘ZTP’ The Label is official,” Zaytoven wrote on Instagram. “Me and @therealbigtrill are officially a label. We are SIGNING artist, producers, song writers, DJs, all brands. we are looking for a real team a solid team. Searching for all talent in every city, every state, every town!!!! Let’s get to work.”
Zaytoven, who also runs another label, Zaytoven Global, LLC, didn’t reveal whether anyone is currently signed to the label.
Elsewhere, Dr. Dre is gearing up to sell a piece of his decorated catalog for over $200 million.
According to Billboard, the legendary producer is closing in on two separate deals to offload a share of music income streams and other assets to Shamrock Holdings and Universal Music Group.
The deals, which were shopped by Dre’s longtime attorney Peter Paterno, were being pitched for a combined sum of $250 million. While the final sale price won’t quite be that high, a source close to the rap mogul said the figure will still be “well above $200 million.”
Dre isn’t the only one who has been making deals for their catalog. Future recently sold a huge chunk of his publishing catalog from 2004 to 2020 for a reported eight figures. In November, Iggy Azalea also sold off her master recordings and publishing catalog to Domain Capital in a lucrative eight-figure deal.