Irv Gotti Gets Emotional While Signing $300M Deal: I’m Signing The Deal That’s Basically Gonna Change The Lives Of My Family
Irv Gotti shed a few tears while signing a “life-changing” deal.
On Tuesday (June 28) producer and CEO of Murder Inc. Records Irv Gotti announced a $300 million deal where he sold a 50% ownership stake of his masters to Iconoclast while getting sponsored for different film and television projects.
Irv Gotti, 52, took it to Instagram to announce the deal that would change his family’s life. Gotti’s caption read:
“I F*CK*NG DID IT!! Signed my deal. Can’t lie. I got a lil emotional. Thinking about Poppi. And also thinking about how me and my family grew up. No money. To this. Also thinking about my beautiful kids. I looked At them and I said YOU GUYS ARE GOOD. LOL. Just feeling very Surreal. And very Thankful to GOD. GOD has been holding my hand walking me too a lot of gold. I know Poppi and Vee is up there like BLESS MY BOY!! All my people. @visionaryideas is about to deliver some great content. I sold my Past. To ignite my FUTURE. Watch your boy go. @olivierchastan let’s goooooooooooo!!! ALL MADE POSSIBLE BY. @thisisiconoclast”
Gotti explained his nine-figure deal at the BET Awards which took place in Los Angeles on Sunday (June 26). Gotti said:
“I had a conversation with a billionaire friend of mine, my man Marc Lasry, he owns the Milwaukee Bucks, I’ve known him for like 20 years. He drilled in my head, ‘You can’t sell what you don’t own,’ and it resonated with me.”
“I’m signing a deal worth $300 million. I’ma tell you what it is: $100 million of the deal is me selling my masters. What my billionaire n*gg* was saying, he’s absolutely right. 20 years later, my masters — and I only own half, I own 50-50 with Universal Music Group — half my masters is worth $100 million. That’s f*ck*ng insane!”
“Not only is the company buying my masters, but they’re giving me like a $200 million line of credit for me to not just produce and create, but now own my television properties.”
Gotti has plans on airing a television competition series called ‘Double Threat,’ which will focus on discovering the next rap or acting star. He’s also preparing a movie adaption of his BET series ‘Tales Presents: We Made It In America,” whose theme song would be Jay-Z, Kanye West, and Frank Ocean’s track “Made In America.”
“Shout out to my n-gga Hov, he gave me the record for free. He saved me half a mil, off top! He was like, ‘Go head, kill it.’”
— theJasmineBRAND (@thejasminebrand) June 30, 2022
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