The bankruptcy saga surrounding Death Row Records, a label that hip-hop superstars Tupac and Snoop Dogg once called home, is finally over.
Founded in 1991 by Dr. Dre and Marion "Suge" Knight, Death Row declared bankruptcy a decade ago, in April of 2006. Their debts were listed at as much as $137.4 million, with $4.4 million in assets.
Soon after they declared bankruptcy, Warner Music group made a $25 million bid to own all of Death Row Records' music-related assets, and on January 15, 2009, the label was auctioned to the entertainment development company WIDEawake Entertainment Group, for $18 million.
During the auction, everything found in their office after the label declared bankruptcy – including the iconic Death Row Records electric chair – was sold.
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But the amount of money their former artists claim the label still owes them is staggering.
According to legal documents, Nate Dogg is owed $5 million, Snoop Dogg is owed $2 million, Dr. Dre is owed $8 million.
And, if his claims are true, Suge Knight will have lost out on an obscene $144 million in the bankruptcy.
The only artist to have received any money is Tupac, however, it was just $75k. The money has since gone to the estate of his Afeni Shakur, his mother, who recently passed away on May 2, 2016. The estate may receive another $57k in the future.
The artists will likely never see a dime of the money they claim they are owed, as it is expected that the final report will be signed by a judge.
Death Row, once a label teeming with incredible musical talent, has now been put to rest – apparently taking hundreds of millions of its artists' money with it.
