Kanye West Responds To Reports About His Publishing Catalog’s Potential Sale
Kanye West stated his publishing catalog was being shopped behind his back for $175 million before clearing up the rumors. According to reports, Ye and his team had secretly met prospective buyers for almost a year to discuss selling his publishing catalog. Ye’s share is estimated to be around $5 million annually. Billboard claimed he could be seeking as much as 35 times gross profit, for a $175 million valuation. An issue that has arisen is many of his songs may not age well into the future. Also, some of Kanye’s splits are in dispute, and it’s not clear what his share will be when it’s resolved. Some potential buyers are also deterred by Ye’s unpredictable nature. Kanye took to Instagram stories to address the rumors. First, Ye accused his team of shopping behind his back, “Just like Taylor Swift. My publishing is being put up for sale without my knowledge. Not for sale.” Ye later came back with a screenshot of a text conversation where he asks, “Can you ask Gee who is selling my publishing?” The recipient responded, “From Gee. Fake News. Of course, every publisher wants to pitch their hardest to buy. Smh.”
