Tag Archives: JayZ

Jay-Z Relinquishes Brooklyn Nets Stake

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Jay-Z In Concert

Being a member of the Nets organization surpassed some of my greatest ambitions. It was never about an investment; it was about the NETS and Brooklyn. My job as an owner is over but as a fan it has just begun. I’m a Brooklyn Net forever. It’s been an honor to work with Mikhail Prokhorov, Dmitry Razumov, Christophe Charlier, ONEXIM Sports and Entertainment, Brett Yormark and all the wonderful people involved in making the Nets first class. My sincerest thanks goes to Bruce Ratner, who first introduced the idea of moving the Nets to Brooklyn. A thank you and deepest appreciation goes to the fans. You are the lifeblood of any team.

The Nets have made their mark on the NBA and as they enter a new era, Roc Nation does as well; as we embark on Roc Nation Sports. Our newest endeavor is committed to building the brands of professional athletes as we have done for some of today’s top music artists. For Roc Nation Sports to function at its full potential, NBA rules stipulate that I relinquish my ownership in the Brooklyn Nets. It was a tough decision but as I stated earlier, it’s not about ownership. Congratulations to The Nets on a great season and making the playoffs! I will always be a Brooklyn Net.

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Kid Rock Slams Justin Timberlake & Jay-Z

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Kid Rock Slams Justin Timberlake & Jay-Z

Kid Rock‘s “$20 Best Night Ever” tour is selling for only $20, and the Detroit native had stern words regarding the ticket costs of superstars Jay-Z and Justin Timberlake’s upcoming “Legends Of The Summer” tour. CNN’s Piers Morgan asked Rock about Jay and Justin’s ticket prices, which are as high as $275 for a non-VIP pass, and Rock voiced his criticism. “It’s garbage. It’s highway robbery,” said Kid Rock. “I don’t care who you are. I would consider both of them in the circle of friends in the business, but I don’t agree with it.” Kid Rock revealed that he took a pay cut that could cost him around $50,000 to $100,000 per night.

“It’s gotten out of hand. The price of concerts, the price of entertainment period. Whether it’s a sporting event, going to the movies, buy a soda there, whatever…I’ve always tried to keep prices [to] what I think are fair,” he said. “And I’ve always said I’m proud that I can walk around with my head held high and look someone in the eye knowing that I haven’t taken an unhonest dollar from a working man. But how can we make it better,” Kid Rock questioned.

via:hiphopblog

Jay-Z Applies To Become Baseball Agent

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Jay-Z Applies To Become Baseball Agent

According to USA Today reports, Jay-Z has started the process of becoming a baseball agent. Roc Nation Sportshas already partnered with Creative Artists Agency (CAA) Sports in order to represent New York Yankees playerRobinson Cano. It seems Jay-Z is also selling his share of the Brooklyn Nets because of issues that may arise if he were to become certified with the Major League Baseball Players Association. Yahoo! Sports reported this earlier in the month. Jay-Z also discussed this in his ”Open Letter,” a song he recently leaked. His verse denied that this was going on. ”Would’ve brought the Nets to Brooklyn for free,” he rhymes on the track. “Except I made millions off of you fucking dweebs. I still own the building. I’m still keeping my seats. Y’all buy that bullshit, y’all better keep y’all receipts.”  Jay-Z reportedly owns less than one percent of the Nets. However, he has been an important public figure for the team.

via:hiphopdx.com

Jay-Z Giving Up Ownership Stake In Brooklyn Nets To Become NBA Agent

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Could the Jay-Z era of the Brooklyn Nets be over after it just really got started? The rapper/mogul is reportedly looking to divest his ownership stake in the NBA franchise in order to be able to represent players as an agent. 

Yahoo! Sports reports:

Entertainment mogul and rapper Jay-Z has started the process of divesting his small share of ownership with the Brooklyn Nets to extend his Roc Nation Sports representation business into basketball, sources told Yahoo! Sports. Jay-Z – whose real name is Shawn Carter – owns less than 1 percent of the Nets, but has been a central public figure in the franchise’s marketing and move from New Jersey to Brooklyn. Selling his share of the Nets is a necessary prelude for Jay-Z to obtain his National Basketball Players Association certification as an agent. NBA rules mandate that no one individual affiliated with a player representation company can have an ownership stake with an NBA team.

It was already speculated that Hova would make this move after he announced the formation of Roc Nation Sports one week ago. The sports representation agency’s first signing was Yankees second baseman Robinson Cano. However, considering Jay-Z’s ties to the Nets and personal connections with players like LeBron James, it was a given that he had his sights on eventually representing NBA players, too. If all goes to plans, Jigga plans to be free of his stake in the Nets by the 2013 NBA Draft, freeing him up to pitch his services to the next crop of pro ball players. But don’t expect the “Big Pimpin’” rapper to be discussing the finer points of NBA contracts just yet. Says Yahoo! Sports:

Much like the arrangement with CAA’s baseball side, Jay-Z will let the firm’s basketball agents handle contract negotiations and day-to-day business with athletes. The potential impact will come with athletes linking to Jay-Z’s global reach in marketing, entertainment and business. 

Earlier this week, the Brooklyn native announced that Roc Nation was partnering with the Universal Music Group, thus becoming a standalone record label.

Diddy Tops Forbes 2013 Cash King List

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Once again, Sean Combs reigns supreme as Forbes wealthiest hip hop mogul with an estimated $580 million net worth.

“It is one of the fastest-growing brands within vodka,” says Jack Russo, an equity analyst atEdward Jones & Co. “Consumers are feeling a little bit better about their situation, and with that, they’re willing to spend more on premium products.”

2. Jay-Z – $475 million

3. Dr. Dre – $350 million

4. Birdman – $150 million

5. 50 Cent – $125 million

Justin Timberlake’s 20/20 Experience Sells Almost 1 Million Copies 1st Week

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Who said consumers don’t buy albums anymore? Justin Timberlake‘s third album, The 20/20 Experience, will debut at No. 1 on the Billboard 200 album chart tomorrw, selling almost a million copies its first week in stores. According to Hits Daily Double, the “Suit & Tie” crooner’s album sold 980,622 copies since dropping on Tuesday, March 19. The final sales numbers will be announced tomorrow morning via Soundscan, so there is a possible that JT’s album can still crack the million in one week mark. Today’s number blew by previous estimates that had the album selling about 750,000 units its first week. The former boy band member’s last album,  2007′s Future Sex Love Sounds, sold 648,000 copies its first week in stores. Next up for Timberlake is the Legend of the Summer stadium tour, which he is co-headlining with Jay-Z and kicks of July 17. The duo is also headlining the Wireless Festival 2013  in London about a week before their tour set out.

ddchart

via:hiphopwired.com

Justin Timberlake’s Album Head Towards 1 Million Copies In 1st Week

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Justin Timberlake photo02_slideshow1

The highly anticipated comeback of Justin Timberlake is proving to be well worth the wait. The Pop stars new album The 20/20 Experience received early projections of half a million copies, and now all reports are pointing to sales approaching 900,000 copies, and possibly reaching a million by next week. According to Billboard, Timberlake’s first album in over six years is on track to sell between 850,000 and 900,000 copies in its opening week. There is already talk that 20/20 could top 900k if it performs strongly over the weekend. Justin’s “Legends of the Summer” tourmate Jay-Z was already popping champagne. “JT x 1 million? Getting my ‘Suit and Tie’ ready for the celebration,” tweeted Hov. “Is that the D’USSE talking? Haha! You’re out of your mind, Hov!” responded a humble J.T. The blockbuster sales will easily give him the best-selling album of the year so far and the best-ever sales week of his solo career. His previous album, 2006′s FutureSex/LoveSounds, entered at No. 1 with 684,000.

via:thisisrnb.com