Irv Gotti Set To Bring The Inc. To Universal
The New York Times reported that Irv is to ink a three-year deal with $10 million in advance for future revenues and payments of overhead expenses, according to anonymous insiders briefed on the deal. The arrangement also featured a clause stating that Gotti could purchase the masters of Murder Inc.s' music.
"It feels exhilarating," Gotti told The Times. "It's like a rebirth. It feels like God put me through hell, showed me a lot of things, showed me who the good people and bad people are around me, and lined me up to do what I'm put here to do."
Gotti will also move the Inc.'s flagship artists, Ja Rule and Ashanti to Universal Motown. Though Jazze Pha reportedly signed Lloyd to his Sho-Nuff Records, Gotti is apparently still trying to resolve the singer's contract. Sources say Irv is also looking to add pop singer Vanessa Carlton to his roster.
"Our story is not finished yet. After this next three years, if I don't win, and I'm not successful, that was the right ending to the story," Gotti told The Times. "But what happens if I win? I like my chances."