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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.
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.