Jay-Z

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So according to HitsDailyDouble: It’s official.  Elliot Wilson, former EIC of XXL, caught up with HovJay-Z released the following statement.

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I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely.  I’ve been in the family for almost my entire career.
Doug and I spoke directly and had one of the most unique “negotiations” ever. Doug won the toss but, we both won in the end..
I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.

When it is all said and done Jay might go down as one of the most business savy artists ever.

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This is a great move.  The majors are dead.  Physical distribution is useless, and doesn’t generate sizable profits.  Jay has created a brand so big that he doesn’t even need these corporations to make moves that he can’t just make himself.  $5 Mill is a little steep, but Jay doesn’t have time to sit around and watch the labels deteroriate.  Roc Nation isn’t based on the out-dated model of simply generating revenue from music sales.  They are very much aware of the value of touring, sponserships, and lisencing.  I can’t help but direct you to my post on what Young Chris is up to, because I think they are very much related.  I am far from the master of the music business, but Roc Nation seems to be the only major hip-hop company that seems to understand what they are doing.

  • http://www.ihiphop.com/ZOEZOEBOY ZOEZOEBOYS

    THAT’S WHAT’S UP. CASH MONEY MOE MONEY.WEEZY BITC AZZ GETIN PIMP AND BABY GOT HIS AZZ RESIGN FOR TEN MORE YEARS LOL……

  • http://www.ihiphop.com/Dean_Montana DeanW

    baws!