Jay-Z to Sony??

tmukg21

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http://hiphopupdate.blogspot.com/

Jay-Z is close to signing a deal that will bring his future recordings to Sony, Billboardsources confirm. The deal -- which will link Jay-Z's Roc Nation releases with Sony's Epic Records for distribution -- "is 95% complete"according to people familiar with the ongoing negotiations. A formal announcement is expected in the coming weeks.

Speculation has intensified in the past week that a Sony deal is in the works. Sony CEO Howard Stringer and Jay-Z's RocNation partner Jay Brown have been spotted meeting in Los Angeles and New York; Epic Records president Amanda Ghost is managed by Roc Nation and Brown; andJay-Z's wife, Beyonce, is a Sony artist on the Columbia Records label.

But despite Jay-Z's close ties to Columbia, sources insist he and his wife will not be labelmates. "It will be adistribution deal, sort of like Star Trak is distributed by Interscope, and it will be on the Epic side, not Columbia," a Billboard's source said.Lawyers for both sides are currently hashing out the details.

If the deal goes through, Jay-Z highly-anticipated eleventh studio album, "The Blueprint 3," will most likely be thefirst release on Roc Nation to be distributed by Epic.
 
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Jay-Z Reportedly Close To Two New Label DealsMC is said to be finalizing a deal with Sony for Blueprint 3, and Atlantic for following releases.
By Jayson Rodriguez, with additional reporting by Shaheem Reid
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It seems Jay-Z has more labels than a fashion house. The rapper/ businessman is negotiating a number of multi-million dollar deals for two new record labels, according to multiple reports. The longtime Def Jam star recently split from that label after buying out his contract for a rumored $ 5 million.

Music industry Web site Hits Daily Double first reported on Tuesday (May 28) that Jay-Z is close to inking a deal with Sony Music for distribution for his Roc Nation banner. According to the report [], executives for Sony and members of Jay-Z's business team have been spotted in recent weeks both in New York and Los Angeles meeting together to discuss a deal. It's being speculated that Jay-Z's long-awaited Blueprint 3 album will be released this fall through a Roc Nation/ Sony Music union; Jay has a longstanding connection with Sony Music head/ hit producer Rick Rubin, who helmed Jay's "99 Problems" and appears in the song's video.

MTV News inquiries made earlier this week and on Thursday (May 28) to representatives for Jay-Z had not been returned as of press time.

On Thursday, New York's Daily News reported that Jay-Z is also in talks with Warner Music Group to launch Carter Music Group, a label that may see the rapper release his own solo albums on Atlantic Records after his next effort.

Warner is headed by veteran Jay-Z allies Chairman Lyor Cohen and Executive Vice President Kevin Liles. All three men once worked together during Def Jam's heyday, when Jay-Z released albums through a partnership with the label. After Liles left Def Jam to work with Cohen at WMG, it opened the ranks for Jay-Z to assume the presidency of label, a position he held for three years.

In January of this year, Jay-Z spoke with MTV News about this plans for Blueprint 3 and his partnership with concert-promotion giant Live Nation. The rapper reportedly signed a $150 million deal with Live Nation in April 2008, following in the footsteps of U2 and Madonna who also signed hefty 360-styled deals with the company. Part of Jay-Z's pact included the launch of Roc Nation, a separate company to develop talent and to which Jay-Z has already signed pop producers Stargate to a deal.

"Well, whatever it is, it'll be Roc Nation. It's gonna be a partnership with someone," Jay-Z said earlier this year about his next album. "So whether it's going to be Def Jam or someone [else], that's yet to be determined."

No official word on when either deal will be finalized has been made public as of press time.

so if i understand correctly the live nation thing was just a business ent. deal and not a recording contract?
 
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Nah....I aint gonna go into it on here. I'm just glad he has full creative control over his project. Too much mismanagement in this here game.
 
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