Entertainment Top Categories
ADVERTISEMENT
Have You Met...
New York
Los Angeles
Los Angeles
Miami, FL
Staten Island, NY
JAY Z SEEKING 100 MILLION DOLLARS FOR HIS CARTER IMPRINT
By: Brewsky
Posted on: Tue, 03/25/2008 - 8:14pm
Posted on: Tue, 03/25/2008 - 8:14pm
- ‹ previous
- 46 of 46
- next ›
He's not a business man..He's a "business", man!!!!! The Jigga man may have an on again, off again relationship with the mic, retiring from music more times than fans can keep up with, but Jay-Z has always been a business, man.
Trip out on this peeps,the former Def Jam president is out to capitalize on his label, shopping the Carter Music Group around for a home, but he may have over shot this one(just a weeeee bit).
Jayz reportly asking for $100 million for the Carter Music Group and provide for overhead, development and digital investment. deeeezamn!!!!. Looks like Jiggas trying to be the 1st emcee Billionaire!!!!
As you all may or may not know, Jay-Z stepped down from his post at Def Jam over a money dispute in December of last year when he and Island Def Jam chief L.A. Reid couldn't come to a salary agreement.
When news of Jay starting his own label first hit, it was said that it would be under Warner Music Group. According to Def Jam, the company was never interested in housing the Carter Music Group anyway.
"Starting a record label from scratch is very difficult. If Warner Music wants to do it, better them than us," a Def Jam exec said last month. damn thats cold!!!!!!!
100 mill, What yall think??? Worth the risk or not??? Jay's definitly trying to get some chips with out the risk....Thats probably why he just aint starting up the label on his own.... so i guess ill leave yall with this though. Will "jigga" get them "figgas" or is "hova" "ova" ???? food for thought
Brewsky~~~~~ out!!!!
- Brewsky's blog
- Login or register to post comments
- flag this
- Email this blog
![[Sí] Partners](/sites/all/themes/sitv/img/hdr279x025si_partners.gif "[Sí] Partners"){kind=small}
i thought the music industry isn't in good shape. who would put 100 mil for a new label that has yet to see promise. i say for all aspiring artists to DIY through itunes and the like
To do it right and create the next level label, $5-10 million digital investment would be a minimum. There's a huge chunk of your budget just to bring music to a slightly modern level. Most lables/entities are not investing there like they need to be--or the will just lose more of their business to small indy shops or garage developments (think bitTorrent)