Metro Boomin Sells Portion Of Publishing In $70M Deal: Report

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BROOKLYN, NEW YORK - DECEMBER 08: GQ Hype celebrates Metro Boomin in New York City at Public Records on December 08, 2022 in Brooklyn, New York. The @GQ hype event poured @patron's new tequila, EL ALTO #patronpartner #itsalto #patronelalto. (Photo by Craig Barritt/Getty Images for GQ)

Shamrock Capital struck a $70M deal with Metro Boomin for a portion of his catalog.

Metro Boomin’s catalog is no joke. If any producer of this era were to go hit-for-hit with him in the Verzuz arena, they certainly would need to bring their A-game. Over the past decade, Metro Boomin has been one of hip-hop’s most trusted producers. From his days of working with Future as a budding producer, he became the go-to guy for hot sounds. Artists like Nicki Minaj and Drake have called on him for their projects, but that’s really the tip of the iceberg when it comes to his discography.

Metro played a massive role in the rise in trap in the past decade and defining the Atlanta sound, thanks to his numerous collaborations with Future and Young Thug. This ultimately led to contributions on Kanye West’s The Life Of Pablo (Father Stretch My Hands) and The Weeknd’s “Heartless” off of After Hours, among many other records. On top of that, he delivered two chart-topping solo albums, Not All Heroes Wear Capes and November’s Heroes & Villains, which will certainly be regarded as classics when all is said and done.

Metro Boomin’s $70M Deal

ATLANTA, GA - JANUARY 14: Future and Metro Boomin perform during Future & Friends "One Big Party Tour" at State Farm Arena on January 14, 2023 in Atlanta, Georgia.(photo by Prince Williams/Wireimage)

There’s been a major discourse in recent years surrounding owning publishing. Though many artists are quick to sell off that aspect when inking a contract, those who keep it tend to reap the rewards down the line. Metro Boomin, for example, just scored a cool $70M for a portion of his catalog, according to Billboard. The St. Louis producer struck a deal with Shamrock Capital, who famously bought Taylor Swift’s Big Machine catalog from Scooter Braun’s Ithaca Holdings in 2020.

At this point, there’s little information regarding the details of the sale or the records included in the deal. But for $70M, we suspect that there might be some of Metro’s biggest hits as part of the agreement. However, Shamrock previously stated that they raised $600M in funding to acquire the rights to TV shows, video games, music, film, and sports. Prior to their deal with Metro, Dr. Dre sold his music assets to Shamrock and UMG in a $200M acquisition. We’ll keep you posted on anymore updates surrounding Metro’s deal. 

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About The Author
Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.