Heads will roll

It seems counterintuitive, but it probably is true in general that the better your job is, the less pressure there is to perform with a certain degree of competence.

For example, if you work at Taco Bell, you could probably get fired for being a bit too liberal with the sour cream gun. But if you’re the President of the United States of America, you can send thousands of hayseeds off to die for nothing without suffering much in the way of real consequences.

Perhaps nowhere is this more true than in the upper ranks of business community, where you see the following pattern repeated ad nauseum: thieving CEO drives company into the ground; thieving CEO gets fired, but with a huge bonus; thieving CEO finds another executive position elsewhere.

Indeed it seems as if once you reach a certain level in this society your job is pretty much to bleed the company dry until there’s nothing left, and then it’s off to some other company. You wonder if there isn’t some sort of conspiracy among the world’s top tall Israelis.

I suppose it could be viewed as a sign of progress (if you’re into that sort of thing) that we’re beginning to see this trend in hip-hop. Take for example Jermaine Dupri failing miserably in his position as the token black at Virgin Records, only to be hired for some new BS position at Def Jam.

In fact, current Island Def Jam chief LA Reid only arrived in that position after having run Arista Records into the ground financially. And who can forget Jay-Z triumphant ascendance to the fake presidency of Def Jam? Huzzah.

However, you know things are beginning to hit the skids when the word on the street is that the original tall Israeli, Lyor Cohen, could be out of a job soon.

According to HITS Daily Double:

Once celebrated as the king of hip-hop, a.k.a. “Lansky,” Cohen is gradually slipping behind the curve, as the genre’s commercial potency wanes, with rap accounting for just one of 2006’s Top 20 albums. In addition, Diddy’s Bad Boy, picked up by Cohen last year for mega-dollars, is hemorrhaging red ink, and Diddy’s Press Play has sold only 500k.

Damn.

As I mentioned on my own site last week, you’d have to think heads were gonna roll after a year like last year, with hip-hop album sales down 20 percent and nary a single rap album in the year’s top ten albums.

In fact, I wonder if this isn’t the beginning of a bigger trend. With hip-hop album sales in the gutter, possibly for good, what’s the point of having so many hip-hop people in top positions at these labels?

If I was one of these token jigs at a major label, I’d be trying to reinvent myself as a country music producer a la Rick Rubin. In fact, isn’t he up for some sort of TI position at Columbia? Coincidence?

  • http://DAHSHYT.BLOGSPOT.COM Belize

    Quincy Jones What?

  • My Effin’ Opinion

    3 Things ..

    1.) This is the reason that there will be more labels ala the so-called graveyard “Koch”. Indy is gonna be the way to go and the major will cease to exist. Weird.

    2.) A Taco Bell reference without Rey’s name being involved? Weirder.

    3.) Decent post and observation by Bol. Weirdest.

    (also Billy Sunday has not been heard from for a bit, I hope you people didn’t “DJ Drama” him outta here)

  • thecollinb

    valid
    but for the sake of argument you would have to agree that no business dumps all figure heads after one extremely piss poor year….then on the other hand if an Israeli’s position is in trouble you know somethings not right, either way fuck em
    *tunes banjo*

  • content

    Good post Bol.

    Nice to see you’re not playing down to the level of competition.

    You’ve actually been on point the last couple of weeks.

  • EReal

    pretty decent post, Jabba. You’ve stepped it up lately.

    But wasn’t J.D. responsible for that sales monster of a shit sandwich “MIMI” and a couple other good selling shits? I mean he mostly fucked with little kids (pause) and D4L, but I dont see how you could say he failed miserably..

    Diddy sold bad-boy?? Didnt know that.

    1 hunned.

  • tim

    BOL, how ironic you have pledged your life to dissing and trashing every thing hip hop yet you are paid about $3.50/ hour from a HIP HOP website.

    I think you better pray the sales pick back up oryour going to be working at that taco bell too

    One

  • these posts are racist

    BOL-
    Thanks for responding to my post/question regarding the Arab community…since you reference the Arab Community in so many of your posts, I thought you would at least (i) define the Arab Community; (ii) explain how they are “out of check”; and (iii) tell us what your solution to the Arab Community being out of check is…

    Thanks.

  • http://xxlmag.com Bol

    If I’m not making any money anyway, why should I give a shit one way or the other?

  • che

    watch bol the fat fuck giggling like a little girl!

    http://www.youtube.com/watch?v=nWOQRw-iHos

  • che

    HE LOOKS LIKE THAT BLACK NERD IN BAD BOYS 2 WITH THE THICK GLASSES.

    http://www.youtube.com/watch?v=nWOQRw-iHos

  • derfla the hus’la

    I know this is out of topic but whats up with this camron character….does this dude dream about nas and jay-z everyday? in he’s recent interview with flex ,flex is asking dude about the 50 cent beef………the dude changes the subject to jay and nas wtf? somebody here did mention that the dude has a man crush on jay now iam starting to believe this shit

    the guy has an ongoing beef with 50, tru, bleek but all he wants to talk about is jay and nas….somebody tell me what jay and nas did to this guy coz the two are not even paying attention to the mofo but he cant keep them out of he’s mouth

    the really annoying shit about all this is the fact that cam has nothing knew to say about them it’s always the same shit i.e kufi smacking,old head,camel face ,sandal wearing I bodied them etc etc..

    daim camrone what did jay do to you when you guys where alone in them rocafella offices? next thing you know the dude is complaining that jay is spending to much time with B.

  • http://www.myspace.com/pizomuzik Pizo
  • Fernando

    ThesePostsareRacist,

    Since Bol is paying you no attention, here you go……

    i) Arab community is any Arab mofo. Everyonce knows who they are. Indians dont really count.

    ii) They are “out of check” from the standpoint that they are still living in the god damn 18th century & cant get their sh*t together. Their leadership has no checks against it (Billion Dollar Sultans, etc.), they blow each other up every day, and they spread their problems all over the place.

    iii) The solution is to get away from oil as soon as possible (or at least Arab oil) somehow force the old rich crackedy cracks in power to cut ties with those fools, and then never mess with them again. Even if they flex on israel…F*ck it! Leave em alone for good! Let them destroy themselves economically. If they try to hurt us in any way, destroy but forget rebuilding.

    There you go. Get away, leave em alone, and if they flex, SERVE EM!

  • Chicago

    Good article, but I dont see how L.A. Reid and President Carter are running Def Jam into the ground. Correct me if im wrong but i do believe Def Jam controlled the 4th quarter sales in ’06. Nearly all there releases, except for Nas and Ghostface, sold nearly or over a million albums and counting. But its common sense for any head of a company to make the most profit out of their product. All good things come to an end, Lyor Cohen. Over time things change and the internet is hurting not just hip hop but other genres. Trust me, it will be a one and a million chance before you see a album sell over 10 million units in the coming years. CD’s will become a thing of the past and labels and music providers will adapt to the situatio, and music sells will be up again. Im a business minded person and this world you have to strive to make the most out of everything. CEO’s, presidents and chairman will never change for knowone except for the company and there personal benefit.

  • JML5150

    JD produced a lot of Mimi, but everything for his label did make a ripple. Especially Janet, her shit bricked hard. I’m a big Jay Z fan but he is nothing but a celebrity A&R. Every artist on Def Jam that popped (Jeezy & Ross)had nothing to do with Jay, but Tierror Marie and Memphis Week do…..

  • these posts are racist

    BOL–
    You’re constant shitting on Jay-Z (and other black executives) and his position at Def Jam is some pretty self hating garbage…You don’t even know you’re doing it, do you. Do you really believe JD, Jay, Reid, etc. are all just “token” executives? You don’t think they really put out albums, develop artists, etc. and add benefit to their respective companies/labels? You sound a lot like those other self-hating cats at Def Jam, who can’t just respect that a black person is in a high level position.

  • Dean

    Diddy sold half of Bad Boy to the Warner Music Group for a cool 30 mil.
    Good Post.

  • John Cochran

    I think after a while majors will stop messing with rap altogether. The shit isn’t selling like usaul so thye have no reason to continue to try and extort our culture anymore. No sense in beating a dead horse. If you’re and up and coming emcee do yourself a favor and try to push your shit indy. Black people need to start running thier own shows. While you’re at it, stop supporting these name brand companies who wont even let us model thier shit, stop supporting all these horrible programs they have on tv, and to my ladies stop buying all your hair products and shit from those chinks. 1

  • these posts are racist

    Fernando-
    you’re a clown. There are no arab sultans.

    We (the US) supports Saudi Arabia, Egypt, etc. in fact Egypt is the second largest recipient of US aid (after Israel). So there goes your generalization and argument about Arabs.

    The rest of your garbage, i mean post is so generic, generalized, and off that I can’t respond to it. Step your game up…”the kill each other” How wack and un-intellectual is that…?

  • these posts are racist

    Fernando–

    Your post also reflects a great deal of misunderstanding about the middle east and US foriegn policy. It is also typicaly Fox news/racist bull, i.e. Arabs are backwards killers…we’re just defending ourselves. They said the same thing about native americans and blacks…that they’re just animals. This is sad…

  • Tyler

    I keep sayin’ it and I am going 2 keep sayin’ it until U get it thru your thick heads, no homo bitchs
    UrbanRock is the shit so Get wit it or Get rolled over by it:
    http://www.myspace.com/marcmaysrockandrollthug
    http://www.myspace.com/marcusorealiusmusic

  • egotripvh1

    mark my words, def jam will have a huge year with lucy diamonds.

  • sweetdickdaddy

    Past 8 years has been: shit a&r, lack of artist development, djs that are paid to play garbage and an audience that equates quaility music with soundscan numbers. High School kids are talking about first week sales! Remember when niggas was talking about QUALITY? The entire culture is fucked. Thank God Its correcting itself. Has to happen. Happened to Rock and it happened to Soul music. Hopefully it wont be as bad as what happened to Jazz.

  • meenstreek

    Good post Bol.

  • MarcusGarvey

    Bol must not know the resume of LaFace Records, they excluded LA from the merger, for reasons i dont know.

  • Realspitta

    jayz do need to do something with def jam thats a black owned label so it will never end till russell simmons die. jeezy cant rap, lady sovern is annoying, rick ross repeats too much. juelz falling off, ghostface cant sell,joe budden cant sell, ll cool j getting old and so on and so on.

  • SONNY CHEEBA

    i run Universal, i am Doug Morris!

  • these posts are racist

    What’s killing hip hop?
    For starters, it’s losing it’s soul. People like BOL and their perpetuation of racial stereotypes/xenophobia, etc. and simply mimicking what they hear on fox news is the antithisis of what Hip Hop is all about. (Ya ignorant bastad).

    More importantly, the corporate side of it has been killing Hip Hop for quite sometime now. A study published earlier this year by the University of Chicago–the “Black Youth Project” indicated that while 58 percent of blacks between ages 15 and 25 listen to hip-hop daily, most are dissatisfied with it. They find the subject matter is “too violent, and women too often portrayed in offensive ways.” So the people Hip Hop is supposed to represent, speak on behalf of, etc. (see, Young jeezy, etc. “I do this for the streets”), don’t respect it…now that’s, irony. Payola (the process by which people pay DJ’s to get spins) stifles creativity…since the corporate big wigs only want the bling/misogynistic garbage to get play.

    In the documentary “Hip Hop: Beyond Beats and Rhymes,” shown recently on the PBS series “Independent Lens,” filmmaker Byron Hurt confronts Stephen Hill, BET’s senior vice president for programming, to ask why the cable network plays so many videos with misogynist and otherwise degrading themes. The fortysomething Hill walks away without answering. This is the same executive who refused to broadcast videos by the group Little Brother, because he considered their material “too intelligent” for the BET audience.

    This is why…Hip Hop is dying. BOL- and others, play your part. Use critical thinking when discussing issues.

  • JP_209

    Hip-Hop just got lazy the past few years, so it’s time to trim the fat. We’ve been in the ‘Bling Era’ since the mid 90′s, so it’s time for a change at both the executive/artist level.

    It’s gotten so lazy now rappers just hope a catchy hook about “making it rain”, “throwing D’s on it”, or “this is why I’m hot” will carry out the sales of their album. Very little creativity, and people are getting sick of it (except the kids/delinquents who don’t know any better).

    Plus MP3 are the final nail in the coffin, so Execs/Artists are going to have to get creative with it. I haven’t bought a CD in over 8 months, just download (legal/illegal).

    I’ll admit I like ignorant party music and I feel it has it’s place in hip-hop, but it’s like eating at the same restaurant everyday. It gets old really fast.

  • These Posts are racist

    BOL-

    Do you realize you contradict yourself? If Jay-Z, et al. are all merely “token” fake executives, then how can then ruin a record company? Token/fake positions, by definition, don’t do anything.

    Try critical thinking.

  • rockboy

    i like rap.

  • Meka Soul

    islam = peace?

  • yo mammy

    FUCK DA JEWZ FUCK DA JIGZ

  • che

    >These Posts are racist Says:

    Do you realize you contradict yourself? If Jay-Z, et al. are all merely “token” fake executives, then how can then ruin a record company? Token/fake positions, by definition, don’t do anything.

    -very well argued.

  • Y’all Madd

    You don’t get it? He’s a token executive to the point that no REAL “be all – end all” choices are made at Def Jam at his will, however, he does operate the rap circle there to a certain extent, but by no means could he set up a merger for example or anythin without the gentle tap of the “T.I.” above him.

    These posts are racist is just mad cuz Bol is gettin at his ppl, but he just reactin the way Bol wants him to. dont be soft get a fuckin hobby hop off bols dick.

  • Moe Real

    BOL-

    How the fuck do all these lame-a-zoids find XXL? I’m mostly refering to THESE POSTS ARE RACIST. The guy is wank city. Ban his fucking IP already.

    And you missed the ultimate executive failure: Georgia Bush.

    Also, Fifty Cent is balls. He squandering the empire Eminuts and Dre handed to him. He’s bankrolling every G-Unot asshole and assproduct with money from his first two albums…spreading himself thin for all these vanity projects. He’ll be broke as joke in two years. As Game said, he’s the George W. of rap.

  • OZ

    hey “THESE POSTS ARE RACIST”

    can you just fuck off already? you’re worse then N-Cred.

    take your bleeding heart somewhere constructive.

  • west west

    jay-z might be captain useless to everyone but himself… but the industry is eating it as a whole. if he were in the same position in his prime, i don’t think the same results would have followed.

  • Davinche

    “Do you realize you contradict yourself? If Jay-Z, et al. are all merely “token” fake executives, then how can then ruin a record company? Token/fake positions, by definition, don’t do anything.”

    Mans got a point, even though the other 90% of his posts are shit.

  • jacquez
  • thoreauly77

    great post bol. now if only we could get the comments to work like they used to so we could have a real conversation about this stuff! hell, its not every day you write something worth discussing!

  • a

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core business. Iconix will add talent and resources that I believe will
    help make Rocawear a billion dollar global brand. This acquisition will be transformative for Iconix in terms of its scale, the diversification it brings to our portfolio of brands as well as having someone as talented as Jay-Z joining our company and the many synergies that could bring.”

    Iconix is forecasting that Rocawear, which was founded in 1995, will generate almost $43 million in royalty revenue during the first 12 months of the agreement.

    Iconix and Jay-Z have also reached a deal to form a new brand management/licensing company that will debut a new luxury brand titled The Shawn Carter Collection, which is due in stores in 2008.

    The deal is expected to close this month.

    Rapper Jay-Z Sells Clothing Company Rocawear For $204 Million In Cash
    By Nolan Strong
    Date: 3/6/2007 10:14 am

    Rapper/mogul Shawn “Jay-Z” Carter has entered into a deal to sell clothing company Rocawear for $204 million in cash to the Iconix Brand Group, a company that licenses and markets such popular brands as Candies, Joe Boxer, Mudd, London Fog, Ocean Pacific and others.

    The deal, which was announced today, (Mar. 6) could also net Jay-Z $35 million in Iconix stock, if the Rocawear brand meets certain performance requirements over the next three-five years.

    “Iconix is pioneering a new brand management model and by combining Rocawear with their platform, my team and I can focus on our strengths in design and lifestyle
    marketing.” Jay-Z said. “I’m also looking forward to working with Neil Cole and the Iconix organization on other brand development opportunities.”

    Jay-Z will continue to be in charge of all product development, marketing and licensing for Rocawear, which boasts annual retail sales of over $700 million.

    The rapper will retain his stake in the operating company the manufactures all of the Rocawear men’s apparel line, and the mogul’s two partners, Alex Bize and Norton Cher, will continue to ran the manufacturing company.

    “This is the largest acquisition Iconix has made and Rocawear is a brand that is increasing in market share and has extraordinary potential for growth,” said Neil Cole, Chairman and CEO of Iconix Brand Group commented. “The leadership team is already in place to fulfill our mission and we will maintain complete continuity within the business by having Jay and his team in charge of all product development, licensing and marketing. Jay and his partners in the operating company that manufactures all of the Rocawear men’s apparel, Alex Bize and Norton Cher, will become our licensee for the core bus

  • Dumbass^

    Yo must be shitting me. Do you think anyone is going to read all of that shit, retard?

  • che

    Moe Real, please remove your tongue from bols anus. if it goes in any further he’ll suffer a brain haemorrhage.

    I’ve heard enough of you’re talk of assholes, assproducts and 50 cent spreading himself thin.

    p.s. lame-a-zoids?? nigga shut the FUCK up. you’re embarrassing yourself.

  • Moe Real

    CHE, get your slimey tongue out of my anus. It’s not welcome there, you fucking assproduct. Embarrassing is not knowing the difference between your/you’re.

  • http://www.myspace.com/sinistahmoneybagz Sinistah aka Sin Pifferachi

    when these exec’s realize that they have to really reach out to the streets for what the public wants to hear other than chart #’s da downward spiral will continue, the lack of sales nowadays is mainly due to the fact that the quality music is often hidden below the radar and not what Video/Radio land has been programmed to give us.

  • sk

    A u are A Asshole

  • WC Repper

    First of all, I would have to agree with some of the other people that “These Posts Are Racist” is on some other shit. What the fuck are you talking about. We’re talking hip hop not foreign fucking policy. Save that shit for Candoleeza Rice. I will agree with you that BOL is seemingly a self hater though. Calling your own people jigs is fucked up even if it’s just for the added effect to your article. Now, back to hip hop. It’s simple: No good music, no sales. No variety, no sales. No investment into an artist, no growth. These corporations only care about the $$$$$$$, not the artist. MP3′s and downloading, whether legal or illegal, are really a blessing in disguise not a nuisance. It forces these rappers to step there game up cause now they’re gonna have to put out a whole album of quality music not just a cd with one decent single. Really think about this! When is the last time you bought a hip hop cd that was good from front to back? Can’t remember, huh? That’s what I’m talking about. I believe we are truly lacking quality MC’s at the moment. Where’s the ‘Pac, Biggie or Big L’s. All we have is a bunch of bitch ass studio gangsta’s that think ad-libs and a weak hook make up a good song(ie. Mike Jones, Jeezy(Yeeeeaaaah!), D4L, DFB). This shit is garbage! And I try to be subjective because I’ve lived on the East Coast, West Coast, and the Dirty for enough time to realize what real hip hop is. It comes down to quality. See, I walk the fine line of all hip hop genres and listen to a bit of all of it so I find quality music everywhere. I still cop the Nas, Snoop, Game, and Dipset cd’s but at the same time I still cop the Dilated Peoples, Planet Asia, Dead prez, Saigon’s of the world becauase they still put out fire. VARIETY!!!!! As for radio stations, who listens to the radio in this day and age. Not I!!!! I don’t support closed minded groups or businesses. They’ll only play what they’re told to or paid to so FUCK EM!!! Something else to ponder, has anybody realized that latinos represent a large number of consumers that don’t really have a legit representative in this hip hop game that’s still relevant today(No B-Real doesn’t count, and Fat Joe is only one guy). Somebody should tell President Carter to hurry the fuck up and take AZTEK off the shelves. Don’t front! You know he had the best verse on “Draped Up” Bun B.(“vatos raised off tacos”, that’s my shit!!) Think about it!!!!

  • che

    haha! thats ur best comeback??

  • che

    sorry i mean ‘your best comeback’..

    ..hahahaha!!!!

  • http://NONE KILLA BLACK

    Putting big names in companys dont work, cause they still have to go out like a real A&R or CAPO and look for new acts. But when their just staying in there offices getting that check and not looking for the next big artist, their just buying time to be replace. But their get another job at another record company and do the same thing over again, the cycle never ends. But have no fear, real hiphop is here
    (myspace.com/blu-black)

  • MARIO

    PLEASE YAW STUPID. NORE HAS NO APPEAL, NORE DOES METH, REDMAN OR DMX. THEY ARE OLD SCHOOL RAPPERS. THEY DONT HAVE TO BE BUT THEY CHOOSE TO BE THAT WAY. EVERYTHING EVOLVES, MUSIC TECHNOLOGY, ECT. THERE ISNT A BIG MARKET OUT THERE THAT MET, DMX, REDMAN OR NORE CAN APPEA TO. HOW MANY ALBUMS DID EACH OF THEIR LAST ALBUMS SELL? THEY ALL CRASHED. NOW WITH THIS INTERNET DOWNLOADING AND BOOTLEGGING, A RECORD COMPANY CAN’T AFFORD TO GIVE EVERY SHAKY ARTIST HIGH BUDGETS AND SEVERAL VIDEOS. WHEN KEVIN LYLES AND LYOR COHEN WAS THERE X’S, METH’S, REDMAN, AND METH AND RED’S DOU ALBUMS FLOPPED. DONT BLAME IT ON HOV, THESE GUYS ARE OUT OF TOUCH WITH THE NEW EVOLVING GENERATION AND RADIO LISTNERS. THEY HAVE TAKEN MULTIPLE YEAR HIATUSES GOING TO HOLLYWOOD AND HAVE NOT BEEN ON NY MIXED CDS. THE KIDS THAT BUY CDS THINK THESE GUYS ARE TOO OLD AND CANT RELATE TO THEM. ALL OF THE ABOVE MENTIONED RAPPERS SMOKED CRACK AT ONE TIME. I SMOKE WEED BUT A LABEL IS NO PLCE TO PLAY DICE, SMOKE OR BUY WEED. THATS WHY DEF JAMWAS LOOSING SO MUCH MONEY BECAUSE OF PEEPS TAKING THE THUG STREET LIKE APPROACH TO A MULTI MILLION DOLLAR BUSINESS. WITH THIS THUG MENTALITY, YOU GET GROOS PROFIT LOSS. JUST ABOUT EVERY DEF JAM STREET PROMOTER AND EVEN THEN REGIONAL PROMOTION DIRECTORS WERE SELLING PROMO RECORDS TO RECORD STORES. THESE WERE RECORDS THAT WERE SUPPOSE TO GO TO CLUB DJS IN THE CITY. THE PROMOTER WAS SUPPOSE TOGIVE THE RECORD TO THE CLUB DJ, GET HIM TO PLAY IT, AND THEN WATCH THE CLUBS RESPONSE. THIS NEVER HAPPENED BECAUSE THE WRONG PEEPS WERE GETTING THE RECORDS. THERE WERE IMPORTANT RECORDS THAT DJS WERE NOT GETTING BECAUSE THEY WERE ALL AT ARMANDS RECORDS IN PHILLY AND OTHER STORES IN OTHER CITIES. THERE WAS A LOT OF CORRUPTION AT DEF JAM AND THERE STILL IS THAT HOV DOESNT EVEN KNOW ABOUT. THE PROMOTION TEAMS DONT EVEN DO THEIR JOBS. THEY SLACK ON PLACEMENT OF POSTERS POSTERS AND OTHER SHIT. THEN YOU HAVE THE RADIO DJS THAT WILL BLAME THE FATE OF THE ABOVE MENTIONED MCS ON JAY Z WHEN EVERY DJ KNEW WHEN METHS ALBUM CAME OUT AND DIDNT PLAY ANY OF THE SONGS. LETS NOT TALK ABOUT BUDGET AND VIDEOS BECAUSE LOOK AT HOW MUCH MONEY PUFF SPENT ON ADVERTISEMENT AND HIS ALBUM DID WOOD. HIS ALBUM IS AN OK POP ALBUM THAT HAD A LOT OF PR AND A FEW HITS BUT RADIO SLIGHTED HIMON PLAYS.MAYBE THIS KEISHA KOLE RECORD MIGHT DO WELL. WITH THAT SIAD DEF JAM CAN NOT AFFORD TO PUT ALL THAT MONEY INTO THE ABOVED MENTIONED RAPPERS BUDGET BECAUE THEY WILL NEVER RECOUP THE FUNDS ESPECIALLY BECAUSE OF THE INTERNET, BOOTLEGGERS AND LACK OF A BUZZ. GET RID OF ALL OF YOU STREET PROMOTIONTEAMS HOV, THEY ARE AL ON SOME PAYOLLA SHIT ESPECIALLY C NOTE, FORMER NORTH EASTERN REGIONAL OF DEF JAM, FROM PHILADELPHIA.

  • killah_hill

    shit is true to some extent. CEO’s are the biggest motherf*$*$g crooks out there. seriously. i got more respect for drug dealers over most of these thieving cats. some of these dudes clear hundreds of millions a year while the average worker is busting their hump at that very same corportation, accepting more responsibilities, for much less pay. what a joke.

    as for hip=hop, i disagree with this ‘token black employee’ malarkey, because it’s defeatist B.S. however, it seems a lot of these hip-hop labels aren’t thinking clearly anymore. the ones the big guns reject end up going to atlantic, mca etc where they stay on the shelf. apathy? saigon? there are many others, sitting around, scratching their balls, anxiously waiting for their album to drop. there needs to be a major house clearing with hip-hop these wack niggas have to go. sales are down. the public are getting sick of tired f this bullshit. nobody is moving the same amount of units anymore.

  • Moe Real

    hahahaha!!!!

  • spitt

    jay sold rockawear and dame created it?then made a deal with iconix a company that creates medical disasters,faces severeal antitrust violations for the justice dept.eberyone from la reid to russell simmons has sold their companies in the name of greed and lost a large sum of marketshare.n— love money like monkeys like shiny things my point is simply everything that glitters is not platinum.bill gates will never sell microsoft because he knows what its worth,mr virgin record never will see all right the the virgin print.mr johnston was am idoit for selling b.e.t for pennies what da f—!!!!! now look at the outcome lackluster urban music sales and a booming ivory market.its time for blacks toe wake the f– up or sleep 4 ever!!!!!!!!!!!!!!!