Kendrick Lamar & TDE are reportedly receiving offers for a new publishing deal in the $20-40 million dollar range.
It looks like Kendrick Lamar is in for a big payday soon. According to Billboard, the TDE rapper is reportedly in talks for a new publishing deal and he could be looking at well over $20 million dollars.
Sources tell Billboard that Top Dawg & the TDE label are considering offers between $20 million and $40 million dollars, depending on the terms of the deal. One bidder has offered $28 million dollars, one source said, meanwhile another source cited a $23 million offer that included $11 million dollar signing bonus. It’s unclear what the terms TDE are asking for or wanting, but it’s safe to say K. Dot is about to get PAID.
Kendrick is coming off the success of his critically-acclaimed DAMN. album, which has been nominated for a Grammy for “Album Of The Year”. The album, which also topped Billboard’s album of the year list, garnered total album sales of 1.13 million units last year, with the addition of 2.63 million track sales. So in total, that would mean Kendrick has generated 9.5 million album consumption units throughout his entire career.
While it’s strictly a rumor at the hour, representatives from Warner Music Group and Top Dawg Entertainment declined to comment on the story, thus providing more speculation to the truth of these offers.
We’ll continue to keep you posted if any further developments arise.