Jay-Z Buys Out Def Jam Contract?
Hip-Hop mogul Jay-Z has reportedly bought out the remainder of his business contract with Def Jam Records, including his unreleased Blueprint 3 album obligation, for roughly $5 million.
HitsDaily Double Reports:
ONE NATION UNDER JAY-Z: As Roc Nation, Jay-Z’s new home under the Live Nation umbrella, takes shape, the hip-hop superstar has reportedly bought back the last remaining record on his IDJ deal for what some say is a whopping $5 million, raising a number of intriguing questions. How does the album figure into the plans of Roc Nation’s brain trust, which also includes the A&R-savvy Jay Brown and Tata, as well as Jay-Z’s business manager John Menielly? How will it be marketed and distributed? Will Roc Nation employ a traditional distribution channel or take the LP direct to retail? Or alternatively, will the new company make it part of a rumored arrangement inside a major? Every one of the Big Four is reportedly eager to make such a deal. (5/20p)
Comment
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Comment by joblac on May 21, 2009 at 7:39pm - God Bless yall on this page.Hip Hop is wack what yall need to do is focus more on God and not the bull ish thats going on with these artist nahmean... real talk, God bless yall... PEACE!!!
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Comment by Ford on May 21, 2009 at 6:59pm -
Not many big artists own all their material...
http://www.HowlAtMe.com/
http://www.MySpace.com/MoonGang
http://www.iLike.com/artist/The+Wolf
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Comment by tony k on May 21, 2009 at 6:28pm
- who cares this nigga aint doing shit for niggas but getting there money. hes nice as a mc but he's not loyal
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Comment by Ron on May 21, 2009 at 6:27pm - blueprint III will do better then that em bullshit!
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Comment by Tone on May 21, 2009 at 6:25pm - this nigga grindin. long live the hustle....can't wait til hip hop come back tho
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Comment by Benny on May 21, 2009 at 5:50pm - NOTEZ SAID IT BEST. FUCKING JAY IS ON SOME PUFFY SHIT WITH HIS ARTISTS. HE NEEDS DAME CUZ DAME ACTUALLY FUCKS WITH HIS ARTISTS. HE LEVELS WITH ARTISTS EVEN IF HE GOT MORE CLOUT THEN THEM. JAY IS WAAAAAYYYYYY TOO BIG HEADED TO WORK WITH HIS ARTISTS. ALL THE NIGGA WANTS IS A PROTEGE HE DON'T WANNA MAKE AN ARTIST POSSIBLY BIGGER THAN HIM. ALL I KNOW IS THAT IF I WERE IN THE BIZ I WOULD WANT SOMEONE LIKE DAME IN MY CORNER. THAT NIGGA IS PASSIONATE ABOUT HIS ARTIST. FUCK HE PUTS THEM BEFORE HIMSELF AND THATS WHAT I CALL A REAL NIGGA. []DEACE
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Comment by G Unit Kimmie- I got BISD- U? on May 21, 2009 at 5:43pm - honestly i'd like to see fif do the same with Interscope
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Comment by CAMERON GILES on May 21, 2009 at 5:35pm - Fuck Jay-Z
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Comment by Korben Dallas on May 21, 2009 at 5:27pm - lol dat was mad easy...5million??? dats like 1 of his house in the hamptons or sumthing...dat was mad cheap tho....good luk Mr.Carter
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Comment by G Unit Kimmie- I got BISD- U? on May 21, 2009 at 5:21pm
- hmmmm
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