Details Emerge On Possible Jay-Z/Warner Deal

Earlier this week, reports surfaced that Jay-Z was on his way to bringing his Roc Nation label, an imprint he created as part of his rumored $150 million deal with concert promoter Live Nation, to Sony. Now the New York’s Daily News has learned about a possible partnership with Warner Music Group.

According to the Daily News’ gossip section, Gatecrasher, Jay has been meeting with former Def Jam associates turned Warner vice president and executive vice president respectively, Lyor Cohen and Kevin Liles, about possibly heading his own Carter Music Group on Warner.

“Jay knows Lyor and Kevin from back when they all worked together at Def Jam, and he obviously wants to work something out with his friends,” an inside source told the Daily News. “He wants to get the dream team back together. There have been a few whiffs of a reunion in the past, but only now – and very privately – is something finally starting to happen.”

The source adds that Cohen and Liles tried to get Jay to bring Roc Nation to WMG as well but he has instead decided to release his upcoming album The Blueprint 3 on Live Nation. Jigga recently reportedly bought out his contract from Def Jam for $5 million.

As of press time neither WMG, Jay-Z, or Live Nation have released any statements about the alleged negotiations. – Elan Mancini

  • TUNED2IT

    WHOA…WHO CARES BOUT THIS DUDE?? YEAH YOU AND YOU AND THAT OTHER DUDE BEHIND YOU. BUT REALLY WHEN’S THE LAST TIME YOU HEARD JAY DROP A VERSE THAT KILLED IT, IN THE LAST YEAR???

    • youngkcaz

      jockin jay z

    • bewitess

      ummm…brooklyn go hard and even tho its a little over a year now he killed lil wayne on mr carter and american gangster was hot…and you can count on one hand how many artist have went platinum within 6months in the last two years. you have jay-z, lil wayne, 50cent, kanye west and eminem will be on that list soon but thats it so yeah i think people care. Anytime your still in the top 10 when your almost 40 thats a statement of how hot you are to begin with

  • http://www.thefairresponse.com The Fair Response

    I believe that this deal will go down due to the fact that these guys know one another. The are friends outside the company politics, Hova is an entity to himself, and in a way demands the attention of Warner. Yet, it will be great to see how this works out with is Live Nation Contract. Yet, I guess that is what lawyers are for.

  • http://tonygrands.blogspot.com Tony Grand$

    I like Jay-Z about as much as the next dude, assuming that that next dude isn’t Jaz-O, but this is the equivelant of following him on Twitter.

    Album release date>>>rumors of a possible deal

    • $ykotic

      LOL

      • http://www.myspace.com/sykoticwest $ykoticWest

        Told ya’ll they listen! Asked them yesterday to change that redundant Jigga pic…

      • $ykotic

        OK. Won’t let me institute my one day sale!

        myspace.com/sykoticwest

        Commission!

        • http://tonygrands.blogspot.com Tony Grand$

          @ $yk

          Don’t trip, juice. God is alive & works in mysterious ways.

          Even on this here ‘Net.

  • PARIS PERSHUN

    THATS CRAZZY MAYNE….. THIS NIGGA MAKIN BUSINESS MOVES LEFT AND RIGHT…. AND THE REUNION SHIT??? ARE THEY TALKIN BOUT THE ORIGINAL ROCAFELLA SHIT???? THAT WOULD SOME WILD SHIT…. I WOULD LOVE TO SEE THAT SHIT HAPPEN!!!!

    (LEANS BACK AND TURNS “ITS ON” WAY WAY WAY WAY WYA WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY WAY THE FUCK UP- BEANIE SIGEL FEAT. JAY-Z))

  • SOUTHSIDE A-TOWN

    RESPECT this man! hes one helluva business man. he gettin it done.

  • DEE

    Who cares about this dude? Obviously you do being that you were the 1st one to comment on this story.
    Fuckin lame

  • BeerGangsta

    J is a bussiness man! He need to help Lebron James out. Orlando going to put a end to that azz. J will get Lebron to play for him as soon as they build the stadium along with Wade maybe. Only mistake J made when he tried to battle Nas on the Mic. That was a no no. J won on the money level tho. I am glad to see a Black man doing something good for a change. The rest of ya’ll black folks need to take notes. Ya’ll can do this shit to peace!

  • http://xxl gside

    Power moves !

  • Worley

    “Jigga recently reportedly bought out his contract from Def Jam for $5 million.”

    Wow. It’s 2009 and n*ggas still gotta buy their way out of slavery. Glad he had the paper. Enjoy your “freedom.”

  • http://xxlmag jb

    Jay IS a business man. And a legendary rapper. But he needs to retire. Thats just me.

    • http://XXLMAG.COM INTERNET BULLY

      BUTT CHEESE EATING ASS HOLES NEED TO WATCH THEIR MOUTHS BEFORE THE GET SOMETHING IN IT PAUSE… THATS JUST ME… INTERNET BULLY IS BACK FAG-GIOS…

      • http://xxlmag jb

        Shut da fuc up. lol

  • The_Truth

    ***Props to Jay for continuing adding chapters to his leagcy. . .but people should understand this industry is smoke-n-mirrors.

    Russell Simmons, Master-P, Sean Combs, etc. have openly admitted EXAGGERATING your wealth helps promote creating business opportunities. I other words, when the public has reason to believe you. . .take it all the way.

    EX: Forbes just reported Jay-Z to be $10M wealthier. . .than Kobe Bryant (Kobe $140m/ Jay $150M net worth). Puff, Russell weren’t even LISTED as the 20 wealthiest black American.

    “Believe NONE of what you hear, and HALF of what you see. . .”

    • DETROIT

      THAT’S REAL TALK…everyone talks about how much of a business man jay is, but no one can name anything that he succesfully promotes! he never really owned rocawear, and the 40/40 clubs are doing awful. also, ask yourself this…how is this dude still looking for a label home when we were just told that live nation signed him for $150mil? not saying that jay is a bum, cuz the nigga is definately a legend, but to act like he is head and shoulders above other rap niggas, as far as business goes, is kinda silly. if anything, he’s just more of a sellout than the average rapper (and i don’t mean that in a bad way).

    • DETROIT

      THAT’S REAL TALK BRO…everyone talks about how much of a business man jay is, but no one can name anything that he succesfully promotes! he never really owned rocawear, and the 40/40 clubs are doing awful. also, ask yourself this…how is this dude still looking for a label home when we were just told that live nation signed him for $150mil? not saying that jay is a bum, cuz the nigga is definately a legend, but to act like he is head and shoulders above other rap niggas, as far as business goes, is kinda silly. if anything, he’s just more of a sellout than the average rapper (and i don’t mean that in a bad way).

    • CHEAA

      How is that possible of he made 85 mill alone last year DUMB ASS!!

      And beyonce made 80 Mill last year..

      THEY STACKED!!!!

      • DETROIT

        1. Like The_Truth said, where’d you get those numbers? there’s no way for a publication to really know what someone grossed in a year…DUMBASS.

        2. If that’s true, then he made 5 mil less than beyonce who basically makes most of her money off of selling records and performing…thus, this nigga is more of a hot rapper than a super business mogul!

        this nigga raps about owning a team, when in reality he owns 1% of the new jersey nets! he be frontin hard for niggas like you! LA Reid was Jigga’s boss for the last few years…is he on any of the lists you read? ever wonder why…cuz he doesn’t cater to these bullshit lists, no real wealthy cat wants every move he makes to be publicized…..DUMBASS!

        • http://xxl.com CharlieMack

          The homeboy Detroit is a funny dude. Hey man, Hov is getting his paper like no one ever did it in the rap game. That includes your top 5, top 10, or whatever damn list you can come up with.

  • VallejoCAGeneral

    I’d rather hear J spit than a Plies, Souljah Boy or Bow Wow. As far as his retirement, you can’t dethrone a king. T.I. snitchin, Ross is the police, 50 already then got his money, Em gets crazier on wax to sell, and hurricane chris is #1 on 106 n park wit Halle Berry. Niggaz in the hood ain’t feelin half this shit. The only substance right now is Kanye, 3000, drake and sometimes wayne if he ain’t singin. The nigga jigga has to come back with a gem. Lets just hope it ain’t on no cupcakin’ shit…….hopefully beyonce ain’t got em pussy whooped.

    Cali nigga…..aka I fucks wit’ It

    Peace.

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  • ff1one@yahoo.com

    i just read some of the stuuupppidest comments. 1.) jayz go hard remix verse is hard, his verse on my president is black goes hard. Those are just two of many. 2. a contract and slavery are on two different extremes. This was a smart buisness move because he will own the rights of his next album and control and have total freedom over it. Needless to day, jayz is a sucessful buisnessman and rapper.

  • $ykotic

    Real talk.

    Thank you XXL for FINALLY changing that ol’ ass Jigga picture!

    $ykoticwest

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  • Omunique

    WHY ARE THEY’RE SO MUCH HATERS IN THE WORLD?
    ANSWER:HATERS ONLY HATE ON YOUR KNOWING AND GETTING WHAT YOU DON’T HAVE!

    DON’T HATE JAY! ” HE JUST TOOK WHAT BELONGED TO HIM”- DIG A HOLE CLOWNS!!

  • Azhar

    I’m not a businessman, I’m a Business, Man

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