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March 20, 2008

Jay-Z: Self-Valuation Too High? What Happened to Water?

I hesitated to post this Page 6 rumor about Jay-Z asking for too much for his own label but Rizoh did, so, according to an "insider":

"He wants a label to give him $100 million for the Carter Music Group and provide for overhead, development and digital investment. It's crazy. He wants the labels to basically be his venture capital fund — but unlike a venture cap, they won't get 50 percent. This is not the '90s anymore."

Hey, remember when Jay-Z made his deal with the U.N. to promote his tour and album if he signed off on water as an issue of concern?

At least Russell Simmons, who I think got Jay-Z started on this one, stayed with the issue.



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