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Death Row Records, the hip-hop label that released seminal gangster rap albums by Tupac Shakur, Dr. Dre and Snoop Dogg, has been auctioned for $24 million.
The New York-based Global Music Group Inc. said in a statement to The Associated Press on Monday that on June 24 it purchased Death Row, including its enviable back catalog and current artist contracts.
The purchase concluded the roller-coaster saga of one of hip-hop's most famous labels. Under owner Marion "Suge" Knight, Death Row sold tens of millions of albums in the heyday of early `90s rap — its artists often flashing the spoils of the high life in music videos — before collapsing in debt and mismanagement.
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