Rap Basement

Jay Z

Jay-Z Asking For Too Much?

Posted By on March 20, 2008

Jay-Z has been pretty busy since he left his President spot at Def Jam. One of the many things he is currently doing is starting his own music label, Carter Music Group. There is one problem though… The New York Post is reporting that Jay is asking "way too much" for the imprint. An insider told Page 6 that "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." We previously reported that Jay's new label was in talks with Warner Music, but for now it doesn't have a home.

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  • ursocalledgod

    sooooo he DID give hime 20 million..smh an advance is just like a loan and it came out of rock nations / jays pockets. he never said he gifted him anything.