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IRV GOTTI Sells 50% stake in Murder Inc Masters to Iconoclast as part of $300M Deal




Murder Inc was formed in 1999, after Gotti’s success as a music executive at Def Jam Records.


The label played a key role in launching some of the biggest names in hip hop, soul, and R&B including Ja Rule, Ashanti, Lloyd, Charli Baltimore plus others.


According to the statement issued to media, Visionary Ideas President Darcell Lawrence, Nicki Lorenzo-Rabin CFO, and John “BJ” Bryant EVP will continue managing the Murder Inc company and developing content for BET/Paramount Global.


In a statement published on Instagram last week, Irv Gotti wrote: “I FUCKING DID IT!! Signed my deal.


He added: “I sold my Past. To ignite my FUTURE. Watch your boy go. @olivierchastan let’s goooooooooooo!!! ALL MADE POSSIBLE BY. @thisisiconoclast”


The deal was negotiated by Walter Jordan, with legal representation by Brian Robinson and Gary Stiffleman.


Olivier Chastan was previously CEO at Irving Azoff’s Iconic Artists Group, which last year acquired catalogs from the likes of the Beach Boys, David Crosby, and Linda Ronstadt.


Iconoclast’s founder added that his new acquisition vehicle has a “strong focus on technology”, including immersive entertainment and blockchain, and added that, “we want to drive the conversion to make legacy artists relevant in the future of entertainment”.

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