Does Drake Own a Record Label? Everything You Need to Know About OVO Sound
Yes, Drake does own a record label. He founded October's Very Own (OVO Sound) in 2012 alongside producer Noah "40" Shebib and Oliver El-Khatib. The label operates as a subsidiary of Warner Records and is based in Toronto, Canada.
OVO Sound has established itself as a significant player in the music industry, particularly in hip-hop and R&B. The label's roster has included notable artists like PartyNextDoor, Majid Jordan, Roy Woods, and dvsn.
I can confirm that Drake maintains an active role in the label's operations, serving as CEO while continuing to release his own music through the imprint. His involvement extends beyond just ownership - he regularly promotes OVO Sound artists and helps develop new talent.
The label has become more than just a music company. It's part of Drake's larger OVO brand, which includes clothing, merchandise, and other business ventures. The signature owl logo has become instantly recognizable in both music and fashion circles.
Distribution for OVO Sound is handled through Warner Records, giving the label major commercial reach while maintaining its independent creative direction. This partnership has helped Drake build a strong platform for both established and emerging artists.
Since its founding, OVO Sound has released numerous successful albums and singles, including multiple Drake projects that have topped the Billboard charts. The label continues to grow its influence in the music industry, signing new artists and expanding its creative footprint.
Drake's ownership of OVO Sound represents a significant achievement in his career transition from artist to music industry executive. The label has proven to be a successful venture that combines commercial success with artistic credibility.
Regarding finances, while exact ownership percentages aren't public, Drake remains the primary owner of OVO Sound, with his co-founders holding significant stakes in the company. The label generates revenue through music sales, streaming, merchandise, and various business partnerships.
In summary, Drake's record label ownership has become a crucial part of his business empire and continues to play an important role in shaping contemporary hip-hop and R&B music.