The CEO (and founder) of acclaimed independent label Rostrum Records, Benjy Grinberg, is reportedly on the verge of striking a deal to sell part of the master recording catalog. Rostrum Records is perhaps most known for releasing the early albums from Wiz Khalifa and Mac Miller. According to Billboard, this specific part of the catalog may sell for over $80 million.
Grinberg intends to still run Rostrum Records if the deal is completed, meaning the more recent releases on the label are not for sale here. Sources say that Raine Group, an investment bank, has been shopping the early chunk of the catalog.
Rostrum Records released Mac Miller’s albums Blue Slide Park and Watching Moving With The Sound Off. They also reissued his mixtapes Best Day Ever back in 2016 and K.I.D.S in 2020. They also released Mac Miller’s earliest EP, On and On and Beyond.
H/T Billboard