Kanye West, 45, claims that his music catalog, worth an estimated $13.25 million in annual publishing royalties, is being sold without his permission. Ye compared the situation to Taylor Swift, his former adversary, who was sold to Scooter Braun apparently without her knowledge and approval in 2019.
Billboard reported that Ye and his crew are looking for potential buyers for Kanye's music catalog the day before he was made. The rapper reportedly earns $5 million per year from the $13.25 million in annual publishing royalties that his music generates. However, Ye's statement states that he is not involved in the sale.
Kanye has released eleven studio albums and two collaborative albums, one with Jay-Z, and the other with former Kids See Ghosts partner Kid Cudi. In the past, Kanye has claimed that he does not own the masters to any of his music, though Variety later reported that Ye does own some, but not all, of his masters.
Kanye's music comes amid a significant shift for his YEEZY brand. According to The New York Times, on September 15, Kanye decided to terminate their relationship with Gap and officially ended their relationship with the company. However, Kanye was dissatisfied with the response and contacted Ye two weeks later.