Hits Daily Double is still in Jay’s business and claims The Carters are soon-to-be labelmates. Let’s act like we haven’t heard this one before.
Several sightings of Columbia/Epic Label Group Chairman Rob Stringer and Jay-Z’s Roc Nation partner Jay Brown, on both coasts have led insiders to speculate about the possibility of the company landing at Sony Music.
Jay-Z, who inked a much-publicized $150 million, 360-deal with Live Nation in April, 2008, recently bought back his completed album from UMG for a reported $5 million, raising the question whether that album will now be part of the Sony pact.
Expect this deal to go down soon, say those close to the negotiations, and look for the production/management team’s output to be released by both Columbia and Epic, filling the void in Urban/Pop that has existed at the company since the ironic departures of first Mariah Carey and then, ex-hubby/label boss Tommy Motolla.
Got a feeling I’m not gonna be able to get the Big Homie to confirm this one but I’ll try. For you! I do it for hip-hop. Ha!