You know what, I think this was just misinformation based off a misreading. All the articles I'm seeing just say "8 figure deal", they don't say $60-80 million. That seems to be just a rumor that got spread.
And look at this article:
The trend of artists selling their catalogs remains in full force.
finance.yahoo.com
By making the deal, Logic joins the likes of
Future and more.
In September 2022,
the rapper sold his publishing catalog for a reported eight figures, as
previously reported by AfroTech. It was estimated that his catalog had the potential to fetch anywhere between $65 million to $75 million, per
Billboard.
That article says that FUTURE's catalog earned that dough, not Logic. It also says that Influence Media Partners has a $750 million fund to spend on buying catalogs. I'm really supposed to believe they spent 10% of their entire fund on Logic alone? I wonder if someone read the article too fast and thought "the rapper" referred to Logic, when it clearly refers to Future. Or they're just trolling.
He didn't sell $60-80 million. He almost certain sold for just a little more than $10 million and that's why they're using "8 figures" as the touchpoint.