RZA discusses past album deal with Martin Shkreli amid new music release
What happened
RZA released a new album with Cilvaringz, which is titled Once Upon a Time in Shaolin. RZA also recalled a past album deal with Martin Shkreli, noting that a signed contract prevented him from escaping the arrangement after Shkreli’s drug-price scandal. The album, which Shkreli purchased for a reported $2 million in 2015, later ran through a federal fraud case.
From allhiphop.com
Why it matters
The event highlights the complex legal and financial history of high-value intellectual property, as Martin Shkreli was convicted in 2017 of securities fraud and forced to give up the record to help pay a $7.4 million judgment. The album is now available on streaming platforms.
From allhiphop.com
Who's involved
- RZAAmerican rapper and executive producer of the album
- CilvaringzDutch-Moroccan rapper who collaborated with RZA on the album
- Martin ShkreliAmerican businessman who purchased the album in 2015
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The entities involved
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RZA
American rapper, record producer and actor (born 1969)
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Martin Shkreli
American businessman and convicted felon
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