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Drake Negotiates OVO Sale, Tay Keith Found Dead

6/20/2026

39 6 Full Breakdown

Summary

Story summary

Drake is negotiating to sell a 50% stake in OVO, the label he co-founded, to Authentic Brands Group.
Authentic Brands Group manages over 50 brands, generates more than $36 billion in retail sales, and could expand OVO worldwide.
Police found 29-year-old producer Tay Keith dead in his Nashville apartment, said no foul play is suspected, and noted his 2024 BMI Producer of the Year award and Grammy nomination for “Sicko Mode.”

History

Historical Context

In 2012 Universal Music Group bought EMI for $1.9 billion, a deal cleared by the EU after the company agreed to divest dozens of labels. The merger set a precedent for later label consolidations, and today Drake’s OVO label is negotiating a 50% sale to Authentic Brands Group, echoing that earlier wave of ownership concentration.

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Story summary

Drake is negotiating to sell a 50% stake in OVO, the label he co-founded, to Authentic Brands Group.
Authentic Brands Group manages over 50 brands, generates more than $36 billion in retail sales, and could expand OVO worldwide.
Police found 29-year-old producer Tay Keith dead in his Nashville apartment, said no foul play is suspected, and noted his 2024 BMI Producer of the Year award and Grammy nomination for “Sicko Mode.”

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