Miss Info is reporting that Jim Jones has a joint venture with Sony. She spoke to him on the phone and he said:
I just left the lawyer’s office. I signed a multimillion dollar joint venture with Sony. My boss is Rick Rubin and Hip Hop (Kyambo Joshua) is doing my albums with me. What you think Jay-Z is gonna think about that?
Supposedly he’s working on an album for early ’08 and has already worked on a track with Rick Rubin!
Jones also stated:
What’s crazy is that they gave me the same deal that Un and them f*cked up back in the day when they got the Sony/Untertainment deal…I got that joint venture, that 50/50 split, they don’t give those out anymore. That’s a Dame Dash, Ruff Ryders deal. And I’m bout to go crazy with it. I’m gonna be a problem.
Whoa.
Related ProHipHop Coverage:
Koch Records In On Jim Jones’ Columbia Deal
Jim is wrong, it’s a known fact they they DO give profits splits at sony. In fact I heard that’s all they give. Somebody sold mr ballin a dream.
Jimmy is the man! IT’S MORE THAN MUSIC!!!
i thought jim was signing with the unit…what happened with that?