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Irv Gotti
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Owning a music label is one thing, but owning one that rakes in the dough is another story. Music is embedded in the DNA of Murder Inc. founder Irv Gotti. He went from being the man that was Jay-Z’s first deejay, to the man calling the shots for one of the hottest labels in the industry during the 2000s. Thanks to heavy hitters like Ashanti, Ja Rule, and Lloyd, Gotti’s label was unstoppable — until it wasn’t.
Veteran Hip-Hop executive Irv Gotti may have leveled up in a huge way. Known for helping to launch the careers of artists like DMX and Ja Rule, the heavy-hitter has reportedly inked a $300 million deal with Iconoclast — a network developed to service global agencies, record labels, and content platforms, plus more. “I raised $5 million for me to shoot my movie, and I used my music catalog as collateral. When I did that, it opened up a can of worms,” he told Billboard. “My good friend Zach Horowitz, who used to be the CFO for the Universal Music Group, called me and was like, ‘Irv, are you interested in selling [your catalog]?” My guy Walter Jordan was always telling me, ‘Irv, you’ve got money there.'” He continued: “Then Zach said he knows Oliver Chastan, and he’s the best and pays top dollar. We met and it was a love fest — Oliver felt my energy and the deal didn’t take long, a couple months. I’m a very spiritual person, and it’s God and my dad who passed away on Nov. 1 looking out...