Death Row Auctioned Off For $24 Million

posted June 26, 2008 06:42:43 AM CDT | 67 comments

Suge Knight no longer owns Death Row Records.

According to TMZ, Global Music Group president Susan Berg has now taken on that role, as she purchase the record label in an auction for $24 million. As a result, Berg now has control of all recordings by Death Row artists Snoop Dogg, Dr. Dre and Tupac Shakur made during their time at the label. Included in the purchase was an additional 20 unreleased Tupac songs.

Knight was forced by a bankruptcy court judge to auction all assets of the infamous record label to the highest bidder. Had he done so in February, when Warner Music Group was making an offer, Suge could have sold the label for $25 million.

Death Row's sale was the result of a 2005 lawsuit when Suge was ordered to pay former partner Lydia Harris $107 million for profits owed to her after being forced out of the label. Suge filed for bankruptcy in April 2006.

Previously, ownership of the rights to certain Death Row recordings has been contested by Dr. Dre, as well as Afeni Shakur, the mother of the late Tupac Shakur. Neither has commented on how they plan to prodceed with their claims at this point.

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