Jay wants $100million
Posted by Media Outrage on March 20, 2008
Jay wants to build a super label but apparently not with his own money.
Via Pagesix:
JAY-Z wants his own label, but can’t find a home for it. Jay-Z, who left his position as president of Def Jam to be an entrepreneur last year, is apparently asking “way too much,” an insider said. “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.” A rep for Jay-Z, who is branching out into hotels and bars, called this account “rumors
That’s the way of business use other peoples dough to get your ish off the ground.
