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Metro Boomin Reportedly Sells Portion of Catalog for $70 Million
Metro Boomin has reportedly sold a portion of his publishing catalog to Shamrock Capital for close to $70 million.
Metro Boomin scored a major sale with Shamrock Capital. On Tuesday (March 7), Billboard reported that the producer and artist, legal name Leland Tyler Wayne, sold a portion of his publishing catalog to the Los Angeles-based investment firm for close to $70 million. The deal comes three months after Wayne, 29, released his second studio album, Heroes & Villains, with appearances from Future, Young Thug, A$AP Rocky, The Weekend, Travis Scott, 21 Savage, Don Toliver, Gunna, late Migos rapper Takeoff, and more. Upon its December 2 release, the album debuted at No. 1 on the Billboard 200, moving 185,000 album-equivalent units.
Since his rise as a producer in the 2010s Atlanta rap scene, Wayne has crafted hits including Migos' "Bad and Boujee," Drake and Future's "Jumpman," Post Malone's "Congratulations," The Weekend's "Heartless," and 21 Savage's "Bank Account." Altogether, the St. Louis native has 99 total entries on the Billboard Hot 100 chart, including two No. 1s and 10 top 10s. While Shamrock Capital has not commented on Wayne's deal, the news follows recent publishing acquisitions in hip-hop, including Dr. Dre's Shamrock and UMG deal for a reported $200 million.
Wayne has also become the first non-rapping hip-hop producer to reach 50 million monthly listeners on Spotify, which he discussed in a recent Flaunt Magazine interview.
"It’s a blessing, more than numbers, just to be reminded that people are enjoying the music and receiving it as I intended," he said. "I just be wanting people to fuck with the shit. I don’t care if it’s a hundred streams at a time, or a hundred million streams at a time. I just want people to fuck with it genuinely."