Xzibit’s Label Wanted An $11 Million Buyout Payment From Dr. Dre

Xzibit recently revealed how his former label head demanded an $11 million buyout from Dr. Dre so he could join Aftermath Records.

Speaking with Red Bull,  Xzibit claimed that Steve Rifkind, the former CEO of Loud Records, wanted a large sum of money for his release from the label.

“He asked for an $11 million buyout,” claimed Xzibit. “He just didn’t want to let me go.” Because of the massive price tag, the deal fell through.

Although Dre didn’t sign him to Aftermath, he served as an executive producer on two of Xzibit’s albums.

“He told me that no matter what he was doing or where I landed, he was gonna make sure he was there for me,” Xzibit recalled.

As the interview continued, Xzibit spoke about his influential show Pimp My Ride.

“Nobody knew Pimp My Ride was gonna be Pimp My Ride until that shit came out,” he said. “I had soccer moms coming up and pinching my cheeks and telling me how much they loved me. It turned me into a global brand. I was in people’s homes. I was in people’s lives. People still come up to me to this day and tell me I was a big part of their childhood.”

Previously, he shared why he left the popular MTV show, detailing that his contract demands were not being met.

“You really want the truth about why Pimp My Ride only lasted six seasons?… Some people don’t want their childhood ruined,” he said. “It ended because my contract was up, and I didn’t want to renew it. I was on my way out the door at 20th Century Fox after filming the last episode, and it was like, ‘Yo, all good things must come to an end.’ I’m good. I’m very good. I’m shaking hands and I’m like, ‘Okay guys, contract’s up, I don’t want to renew. I’m out.”

The West Coast legend also released his alm Kingmaker, on May 16, his first album in 13 years.