Did Jay Z Purchase the Rights to Tupac Shakur's Entire Catalogue?

Jay Z purchasing the rights to Tupac Shakur's entire catalogue doesn't sound plausible at all, but hey, don't blame us for this ridiculously sounding rumor, we are just reporting what Gossip Plug claims. Joseph Borrino, CFO of Roc Nation
, the imprint has acquired Pac's entire body of work from Entertainment One – the company which bought all of the masters to Tupac’s albums and unreleased material from Death Row Records 12 years ago, in 2003. If true, this power move should be considered monumental considering the fact the late rapper is still one of the highest selling hip-hop artists ever. The alleged price Jay Z and co. paid for Tupac's catalogue is $384 million.

This is a phenomenal event for Roc Nation. We've purchased one of Hip-Hop’s greatest icon’s music which would make us one of the largest record labels in the world. We will forever be relevant in the music industry now that we own Tupac’s music,” Joseph Borrino said. If the report so far sounds absurd to you, wait until you read the next two points. First, the purchase is expected to make Hov the wealthiest rapper in the hip-hop industry with and estimated $2 billion net worth. Second, Roc Nation plans on releasing a new Tupac album, dubbed And Now I Rise, featuring contributions from Snoop Dogg, Drake, Nas, The-Dream, DMX, Beyonce, and of course, Jay Z. It will be produced by Dr. Dre and Timbaland, and will be available via iTunes, Spotify and Jigga's newly-acquired streaming service WiMP. I’m honored to be the new owner of Tupac’s album catalog. He is a legend in the music industry and set the standard of hard work when creating music. I will continue his legacy through Roc Nation and will ensure that we keep Tupac’s legacy alive. I will also give Tupac’s mother, Afeni Shakur 10% of all gross earnings made from the future sales of Tupac’s albums," Jay said in a statement.

True or false? Let us know how you feel about the rumor in the comment section below.