Drake Signs Multi-Faceted , Deal with UMG for , Undisclosed Price.<br />'Variety' reports that the chairman of Universal Music <br />Group (UMG) has confirmed that the company<br />recently signed an expansive deal with Drake.<br />'Variety' reports that the chairman of Universal Music <br />Group (UMG) has confirmed that the company<br />recently signed an expansive deal with Drake.<br />The multi-faceted deal reportedly includes , recordings, visual media projects, <br />publishing and merchandise.<br />The multi-faceted deal reportedly includes , recordings, visual media projects, <br />publishing and merchandise.<br />Universal's chairman, Sir Lucian Grainge, <br />noted that the "expanded portfolio" spans <br />a number of creative lanes and revenue streams. .<br />'Variety' reports that <br />Drake has sold over 37 million <br />album project units since 2014. .<br />'Variety' reports that <br />Drake has sold over 37 million <br />album project units since 2014. .<br />He's also the first artist , on Spotify to exceed , 50 billion combined streams. .<br />According to 'Variety,' sources say <br />it isn't a stretch to estimate that Drake's <br />music brings in $50 million annually. .<br />According to 'Variety,' sources say <br />it isn't a stretch to estimate that Drake's <br />music brings in $50 million annually. .<br />Those same sources reportedly <br />say that Drake's deal with Universal <br />could be worth $400 million or more. .<br />UMG already owns about 3 million <br />sound recordings by artists such as <br />Bob Dylan and Taylor Swift.<br />UMG already owns about 3 million <br />sound recordings by artists such as <br />Bob Dylan and Taylor Swift.<br />UMG is also home to four of the five most-streamed <br />artists on Spotify in the past decade.<br />UMG is also home to four of the five most-streamed <br />artists on Spotify in the past decade.<br />In the first quarter of 2022, <br />UMG's revenue rose 21.6% <br />to reach $2.31 billion. .<br />In the first quarter of 2022, <br />UMG's revenue rose 21.6% <br />to reach $2.31 billion. .<br />Revenue from music publishing was up 32.5%, recorded <br />music revenue rose 11.3% and other revenue, including <br />merchandise, skyrocketed 69.8% year-over-year. .<br />Revenue from music publishing was up 32.5%, recorded <br />music revenue rose 11.3% and other revenue, including <br />merchandise, skyrocketed 69.8% year-over-year.
