Irv Gotti Returns
Irving "Gotti" Lorenzo the founder of Murder Inc., is expected to sign a new deal this week with Universal Music Group, the world’s biggest music corporation.
The deal would make him the chief of a new profit-sharing venture with the company’s Universal/Motown label. According to the New York Times, Universal will advance Gotti $10 million against future profits and payments to cover overhead. The deal also includes a provision which could allow him to eventually purchase Murder Inc.'s master recordings.
“It feels exhilarating,†Gotti said in an interview. “It’s like a rebirth. It feels like God put me through hell, showed me a lot of things, showed me who the good people and bad people are around me, and lined me up to do what I’m put here to do.â€
Murder Inc. roster includes Ja Rule and singer Ashanti, and Gotti is in talks to sign pop-oriented singer-songwriter Vanessa Carlton.
Gotti was accused of laundering money for convicted drug kingpin Kenneth "Supreme" McGriff, but was acquitted of all charges after a highly publicized trial.
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