Rap superstar Kendrick Lamar could reportedly make $20-40 million in a new deal for his music

  • Kendrick Lamar is in talks to sign a new publishing deal for his songwriting catalogue that could be worth between $US20 million and $US40 million, Billboard reports.
  • The rapper’s label, Top Dawg Entertainment, has reportedly been shopping around for a new deal in that range, as Lamar’s current deal with Warner/Chappell Music is set to expire.

Kendrick Lamar is reportedly in talks to sign a new publishing deal that could net him well over $US20 million for the rights to his music catalogue, according to Billboard.

Sources told the outlet that Lamar’s label, Top Dawg Entertainment, is shopping around for a publishing deal in the range of $US20 million to $US40 million. The 30-year-old rapper’s current deal with Warner/Chappell Music, which he signed in 2010 as a burgeoning independent artist, is set to expire soon.

According to Billboard’s sources, one bidder for the rights to Lamar’s songs has offered $US28 million, while another firm offered a $US23 million deal with an $US11 million signing bonus. The deals would likely be for the rights to Lamar’s entire songwriting catalogue.

Top Dawg Entertainment and Warner Music Group declined to comment on the matter to Billboard.

Lamar’s last album, “DAMN.,” was certified double platinum by the RIAA, for album sales and streaming-equivalent figures, following its release in April 2017.

“DAMN.” gave Lamar his first No. 1 hit on the Billboard Hot 100 chart with the single “Humble,” as well as seven nominations for the upcoming 60th Grammy Awards.

NOW WATCH: Briefing videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.