While he terminates his partnership with Gap, Kanye West is reportedly shopping his song catalog.
Sources tell Billboard that West’s camp has been testing the market for his publishing catalog over the past 10 months. Reps for the billionaire rapper have met with select prospective buyers to explore a valuation.
While no price tag has been put on the catalog, those who have expressed interest say that Ye is seeking as much as 35 times net publisher’s share, which exceeds the upper end of current catalog valuation pricing. However, to entice buyers, Ye’s team has offered the opportunity to sign a future publishing deal with the rapper.
Ye reportedly generates $5 million a year from his catalog, and Billboard estimates that the songs in his catalog generate over $13.25 million in publishing royalties annually.
