Rap Basement


Jim Jones signs big deal with Rick Rubin .. Ballin

Posted By on October 5, 2007

Straight from Miss Info's blog.

well, well, well…..the plot thickens. I just got a phone call from Jim
Jones, and to call him ecstatic would be a major understatement. The
guy was overjoyed, pumped, on cloud nine….

And for good reason. Jimmy told me,

“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

I said it probably wouldn’t go down like a sip of that ace of *****,
just kidding, but that for Jim Jones, this was like a one-in-a-million
chance at a new beginning. He told me that over the past two months, he
had met with Hip Hop, then went out to LA to hang out with Rick, they
had hit it off, and the very next day, Rick was calling the lawyers to
make it happen. Jimmy also said that of course Koch did some kicking
and screaming, that as a result, they were broken off nicely, but that
it still worked out. He has already been working on his new album, due
out in early ‘08, and has even recorded a song with Rick Rubin himself.
And the next phase of his Sony deal will allow him to set up shop with
his own artists over there (interesting….I’m gonna bug him for names).

“What’s crazy is that they gave me the same deal that Un and them
fucked 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.”

And since Jimmy brought up Hov in his first sentence, I wondered if
Jay-Z had been mentioned in the course of the negotiations and meetings
and powwows…I mean, isnt Jay “consulting” for Rick over at Sony?

“That’s bugged, right? Just think, Minya [note: ok, I’ve known the
Dipset guys longer than I’ve been Miss Info so they get a pass, ool] Hip Hop is the guy who did all of Jay’s albums, and Rick Rubin is the
man who gave him that monster hit. So I dont know if he was aware of
the deal, but its when everyone else finds out….that’s what I imagine
will put him in a different kind of state.”

I’ll share more details tonite, like what Jimmy said about Rick Rubin,
and more importantly, the future of Dipset….but I gotta run to catch
the Hip Hop Honors show : )