Irv Gotti sells a portion of his Murder, Inc Master Recordings to Iconoclast for $300 million

Veteran music executive and producer Irv Gotti (Irving Lorenzo), the founder of rap label Murder Inc, has sold a stake in his master recordings to Olivier Chastan’s acquisition vehicle, Iconoclast.

The veteran music executive has announced that the deal is worth $300 million, and according to a media release, “sees him sell his 50% ownership stake of his masters, with additional funding for various film and television projects”.

Murder Inc was formed in 1999, after Gotti’s success as a music executive at Def Jam Records.

The label played a key role in launching some of the biggest names in hip hop, soul, and R&B including Ja Rule, Ashanti, Lloyd, Charli Baltimore plus others.