Shkreli offers Kanye $10M to withhold album, sell exclusively to him

NEW YORK -- Former pharmaceutical chief Martin Shkreli's campaign to build up an impressive music portfolio rolls on.

After spending $2 million for the sole copy of Wu-Tang Clan's "Once Upon a Time in Shaolin" late last year, the 32-year-old former hedge fund manager is now offering $10 million to become the sole owner of Kanye West's new album.

See Full Article

Shkreli, an active Twitter user, posted a copy of an offer letter for West's new album "The Life of Pablo" to his account on Thursday. In the letter, Shkreli, asks West to withhold the release of his album and instead sell it to him.

Shkreli said in a separate tweet that West and his label, Universal Music Group, are legally required to take his offer to their board. He said it could delay the album's release by a few days.

West has yet to comment on Shkreli's offer on his official Twitter account, but did tweet Friday that the album was being mastered and would be out on Friday.

Universal Music Group did not immediately respond to an email seeking comment.

Shkreli made headlines last year after a drug company he founded, Turing Pharmaceuticals, spent $55 million for the U.S. rights to sell a life-saving medicine called Daraprim, then raised the price by more than fifty-fold.

He was called last week before a congressional committee investigating the price of drugs, but cited the Fifth Amendment privilege against self-incrimination.

Before the meeting was over, however, Shkreli was back on Twitter, calling members of Congress "imbeciles."

Shkreli is out on $5 million bail after being arrested in New York in December on securities-fraud charges not directly related to the drug price increase.

aiyo @kanyewest last minute can i buy your album out so it dont get released publicly

— Martin Shkreli (@MartinShkreli) February 11, 2016

Here is my initial offer for the album. @kanyewest Thanks for your consideration and I look forward to your response pic.twitter.com/opJ7mlfraK

— Martin Shkreli (@MartinShkreli) February 11, 2016

Kanye and his label are legally required to take my offer letter to their Board of Directors. This should delay the album by a few days.

— Martin Shkreli (@MartinShkreli) February 11, 2016

The point is NOT to keep music from people, it's to remind everyone how important and central it is in our lives.

— Martin Shkreli (@MartinShkreli) February 12, 2016


Advertisements

Latest Entertainment News

  • Oscars 2017: What you need to know for tonight's show

    Entertainment CBC News
    They've tallied the votes, gilded those giant Oscar statues and rolled out the red carpet. Fans of film, frocks and famous faces will turn their eyes to Hollywood tonight for the 89th annual Academy Awards. CBC News will be following the events as they unfold on our live blog, starting at 6 p.m. Source
  • Moonlight cleans up at Indie Spirit Awards

    Entertainment Toronto Sun
    SANTA MONICA, Calif. - Moonlight, Barry Jenkins’ moving chronicle of a black man struggling with his sexual identity from youth to adulthood, cleaned up at the Film Independent Spirit Awards Saturday afternoon, taking home six trophies. Source
  • 'Moonlight' sweeps Spirit Awards; Affleck wins best actor

    Entertainment CTV News
    SANTA MONICA, Calif. -- Sunday might be dominated by "La La Land," but Saturday belonged to "Moonlight." Barry Jenkins' luminous coming-of-age tale swept Saturday's Film Independent Spirit Awards, taking home six awards including best feature. Source
  • 'Batman vs Superman' and anti-Clinton doc tie at Razzies

    Entertainment CTV News
    The rivals won four "Razzies" each for their poor acting, writing and directing, although it was "Batman" that walked away with the spray-painted trophy for "worst picture." "It all came down to two decidedly different examples of cinematic sludge: The $250 million comic book oop-us 'Batman v Superman' and the faux right wing 'documentary' 'Hillary's America: The Secret History of the Democratic Party,'" a statement from the Razzies read. Source
  • Foreign nominees bash Trump's travel ban on eve of Oscars

    Entertainment CTV News
    BEVERLY HILLS, Calif. -- One day after the Oscar-nominated directors of foreign language films issued an unprecedented joint statement decrying what they say is a climate of fascism, five of them gathered Saturday at the Academy of Motion Pictures Arts and Sciences to put the focus back on their work. Source
  • 'Arrival' director feeling high hopes but no pressure ahead of Oscar night

    Entertainment CTV News
    MONTREAL -- Denis Villeneuve is certainly crossing his fingers for "Arrival" to become an Oscar winner on Sunday, but the Quebec filmmaker says he won't be disappointed even if he walks away empty-handed. "I would love to win, and I hope we win one or two, that would be fantastic," Villeneuve told The Canadian Press on Saturday. Source
  • Celebrities launch pot brands as California legalizes drug

    Entertainment CTV News
    SAN FRANCISCO -- Country singer Willie Nelson, the children of the late reggae icon Bob Marley and comedian Whoopi Goldberg are just a few of the growing number of celebrities publicly jumping into the marijuana industry and eyeing the California pot market, which is expected to explode after voters legalized the recreational use of weed. Source
  • Weed by Whoopi? Celebs launch pot brands as California legalizes drug

    Entertainment CTV News
    SAN FRANCISCO -- Country singer Willie Nelson, the children of the late reggae icon Bob Marley and comedian Whoopi Goldberg are just a few of the growing number of celebrities publicly jumping into the marijuana industry and eyeing the California pot market, which is expected to explode after voters legalized the recreational use of weed. Source
  • Batman v Superman, Hillary's America top Razzies as year's worst films

    Entertainment CBC News
    Even the Razzie Awards are getting political. A documentary criticizing U.S. Democratic presidential contender Hillary Clinton tied on Saturday with superhero ensemble Batman v Superman: Dawn of Justice on a list of the year's worst achievements in film, winning four Razzies apiece. Source
  • Five facts about Sunday's 89th Annual Academy Awards

    Entertainment CTV News
    LOS ANGELES -- Five facts about Sunday's 89th Annual Academy Awards: IT'S AN HONOUR TO BE NOMINATED: But after 21 nominations, it would be nice for sound mixer Kevin O'Connell to finally win. The most nominated artist without a win, O'Connell has another chance this year for his work in "Hacksaw Ridge. Source