The Infamous B.I.G.‘s publishing and publicity rights are reportedly near being offered for the asking worth of $100 million to $150 million.

Biggie’s Publishing Rights Command Big Payday

On Friday (Feb. 28), The Hollywood Reporter named music publishing firm Major Wave as the possible purchaser. The rapper’s temporary catalog is up for $100 million, as are his grasp rights, that are commanding a further $30 million to $50 million. In accordance with sources, the deal will embody 50 p.c of each the late rapper’s publishing and grasp rights, with the addition of publicity rights, which embody picture, voice and different identifiable traits like standout tune lyrics. The deal will reportedly shut within the subsequent few weeks.

Major Wave’s roster of late entertainer catalogs consists of Bob Marley, Whitney Houston, Luther Vandross and others.

XXL has reached out to Major Wave and Biggie’s property for remark.

Learn Extra: The Infamous B.I.G.’s Legacy Soared Due to Voletta Wallace – Now What Occurs to His Property After Her Passing?

Sale Follows Demise of Voletta Wallace

The pending sale comes only a week after Biggie’s mom, Voletta Wallace, died on the age of 78. Biggie’s mother handed away on Feb. 21 in Stroudsburg, Pa. Monroe County Coroner, Thomas Yanac, confirmed to XXL that Wallace had been in hospice care main as much as her demise. She died of pure causes.

Earlier to her demise, Ms. Wallace ran the Brooklyn, N.Y. rapper’s property following his homicide in 1997. In 2011, she signed a licensing deal with Model Sense Companions to handle licensing and merchandising for the Brooklyn native’s title and likeness. By her enterprise strikes, she helped increase Biggie’s property’s estimated price from $10 million to $160 million, in response to TMZ.

Biggie’s property is at present being represented by Mark Pitts and Wayne Barrow of ByStorm Leisure.

Learn Extra: Rappers Promoting Their Publishing for Big Payouts