Information reaching Kossyderrickent has it that Future has responded to people criticizing him for selling his publishing catalog to Influence Media Partners for an estimated $75M. (Read More Here).
Taking to social media, Future wrote: “Unsuccessful people have no clue how success works.”
As of February 2022, Influence Media had spent $300 million purchasing publishing rights to songs by Bruno Mars, Dua Lipa, Ariana Grande, and Justin Bieber. That month, the company received additional investment from Warner Music Group and BlackRock, an institutional investment firm that has drawn criticism for anti-competitive practices. In March, Influence Media bought the entirety of reggaetón heavyweight Tainy’s catalog, which includes songs by Bad Bunny, J Balvin, and Kali Uchis.
Future shared his last LP, I Never Liked You, in May. He’s set to headline Rolling Loud New York this Sunday, September 25.
“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,” Future is quoted as saying in the release. “I’m proud to partner up with Rene [McLean, a founding advisor at the company] 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.” The FADER has reached out to a representative of Future for further information on the deal.
The news comes on the same day as a Billboard piece on Kanye West’s alleged interest in selling his share of his publishing catalog for $175 million (35 times its gross annual profit). Hours later, Ye made a since-deleted post to Instagram contradicting that report:
