Drake re-signs with Universal Music Group for estimated $400M payday

Drake re-signs with Universal Music Group for estimated $400M payday

Drake has secured a major bag with his latest record deal. According to Variety, the 6 God inked a fresh contract to re-sign with Universal Music Group that could fetch him around $400 million.

UMG CEO Lucian Grainge described the contract as an “expansive, multi-faceted deal” during an earnings call that will cover Drizzy’s “recordings, publishing, merchandise and visual media projects.”

Drake has struck a multi-faceted deal with Universal Music Group that encompasses recordings, publishing, merchandise and visual media projects.

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