Jay-Z wins fight for African-American arbitrators in trademark case

Jay-Z has agreed to privately arbitrate a trademark and contract dispute with clothing company Iconix Brand Group Inc, his lawyers said on Wednesday, after enough African-American arbitrators became eligible to handle the case.
Reuters: People News

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Jay-Z Is ‘Attempting’ To Talk Travis Scott Out Of Performing At Super Bowl Halftime Show

Photo by Michael N. Todaro/FilmMagic)

We previously reported that the Super Bowl was having trouble finding acts who will play with its feature attraction, Maroon 5, for the halftime show.

According to numerous reports, artists are reluctant to take part in the 13-minute production because of the controversy concerning blacklisted former footballer Colin Kaepernick and the NFL’s stance on a player’s right to protest.

But TMZ confirmed yesterday that Travis Scott has been added to the small lineup of stars who will perform during the Super Bowl LIII halftime show at the Mercedes-Benz Stadium in Atlanta on Feb. 3. There are rumors that Cardi B and Big Boi have agreed to perform as well.

Meanwhile, Jermaine Dupri is hosting a concert series at Centennial Olympic Park on Super Bowl weekend. The music icon, along with Maroon 5, and Travis Scott are receiving heavy backlash on social media from fans who say they are sellouts for performing at sport’s biggest event of the year.

When rapper Meek Mill read about Scott’s decision on Complex.com, he tweeted: “For what????” in response (see image above).

“He don’t need that he on fire already! Stay strong in this sh*t!” Meek added on Twitter.

And Variety reports that JAY-Z is “attempting to talk Scott out of performing.”

Meanwhile, Dupri defended his decision to head the committee that oversees the music events leading up to the Super Bowl. He also said artists should “use their platform” to do “more than boycotts.”

“But it seems really interesting that [in the music industry] so many people will boycott something one year and then the next year they’re buddy-buddy with the thing that they boycotted,” he said.

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Oprah Winfrey Beats Michael Jordan, Jay-Z, & Diddy For America’s Wealthiest

(Photo Credit: PR Photos) 

As we near the end of 2018, Forbes announced their annual earnings list. Tuesday they announced America’s Wealthiest Celebrities.

In 2017, notable icons like Oprah Winfrey, Michael JordanSean “Diddy” CombsShawn “Jay-Z” Carter, and Andre “Dr. Dre” Young earned a spot on the list. While Winfrey, Jay, Jordan, and Diddy maintained or earned more of their counterparts for 2018, Dr. Dre was out-earned by returnees like Tiger Woods, along with newcomers, Kylie Jenner and author James Patterson.

This year, Oprah landed at the #3 spot earning a staggering $ 2.8 billion; while Jordan was right behind her with the #4 spot earning $ 1.7 billion; two of music’s biggest returned to the list: Jay-Z earned $ 90 million more than he did in 2017, and landed two spaces up to the top #5 spot with $ 900 million.

Diddy came in at #8 by earning at least $ 829 million, while Tiger Woods finished out the list with $ 800 million.

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Kylie Jenner Ties JAY-Z on ‘Forbes’ Wealthiest Celebrities in America 2018 List

With 2019 only a few days away, Forbes has just shared its list of the wealthiest celebrities in America for 2018.

Making her first ever appearance on the list is 21-year-old Kylie Jenner, who tied with JAY-Z at fifth spot with $ 900 million USD each, respectively. Her fortune is largely due to her reality TV show and her Kylie Cosmetics line, which she is the sole owner. Kylie, who is predicted to become “the youngest self-made billionaire,” told Forbes that platforms like Instagram play a large role in her company’s success.

Also sharing the No. 5 spot is mogul JAY-Z, seeing his endorsements with Armand de Brignac champagne and D’Ussé cognac, along with his Roc Nation and Tidal stakes growing his net worth to over $ 90 million USD this past year alone.

Coming in on top is film director and Star Wars mastermind George Lucas with $ 5.4 billion USD, who sold his Lucasfilm production company to Disney for $ 4.1 billion USD back in 2012. Director Steven Spielberg takes the No. 2 position with $ 3.7 billion USD; Oprah Winfrey comes in at No. 3 with $ 2.8 billion USD; and Michael Jordan rounds out the top four with $ 1.7 billion USD.

According to Forbes, the 10 wealthiest American celebrities in 2018 have a combined worth of $ 18.7 billion USD, which is more than the GDP of Iceland to put things in perspective. See the top ten below.

America’s Wealthiest Celebrities 2018 (Net Worth)
1. George Lucas – $ 5.4 billion USD
2. Steven Spielberg – $ 3.7 billion USD
3. Oprah Winfrey – $ 2.8 billion USD
4. Michael Jordan – $ 1.7 billion USD
=5. Kylie Jenner – $ 900 million USD
=5. JAY-Z – $ 900 million USD
7. David Copperfield – $ 875 million USD
8. Diddy – $ 825 million USD
=9. Tiger Woods – $ 800 million USD
=9. James Patterson – $ 800 million USD

In more entertainment news, Disney teases Avengers: Endgame will end in a “bombastic bang.”

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“What’s Free?”: Jay-Z Shares Lessons in Business and Ownership on Meek Mill’s New Album

Just months after being released from prison for violating probation, rapper Robert Rihmeek Williams, best known as Meek Mill, released a much-anticipated album last week. The album, titled Championships, features hardcore beats, a rotation of hip hop superstars, including Cardi B and Drake, and a powerful message about Meek’s road to redemption.

On the standout track “What’s Free?” Meek teamed up with hip hop heavyweights Jay-Z and Rick Ross, who rap about their definition of freedom over the beat from Biggie Smalls’ 1997 classic “What’s Beef?” Jay-Z, however, outshines his cohorts with an exceptional verse, using his lyrical prowess to drop knowledge about the struggle for black liberation and allegedly take shots at the MAGA-loving Kanye West. In addition, the Brooklyn-born rapper boasts about his lucrative business investments and the massive accumulation of wealth he’s built over the years.

Here are eight lessons Jay-Z shared about business, ownership, and financial freedom on “What’s Free?”

Meek Mill

Spotify Fans first event for Meek Mill’s new album, Championships, in New York on December 1, 2018 (Photo Credit: Francis Montoya / SlingShotMenace, LLC)

“I’m 50% of D’usse and it’s debt free”

In this lyric, Jay-Z raps about his profitable stake in D’usse. The hip hop icon tapped into his personal savings to purchase equity in the cognac brand back in 2011. Because he did not have a need for financing, he was left with no debt and has reaped tremendous profits. In addition to being a partial owner, the mega-mogul also serves as head of global strategy for the brand.

 

“100% of Ace of Spades, worth half a B”

Jay-Z brags about his ownership of Armand de Brignac, a champagne popularly known as Ace of Spades. He expressed his affinity for the brand by featuring it in his rhymes and videos long before he bought the champagne from Sovereign Brands for an undisclosed amount in 2014. His brilliant marketing has, in turn, made Ace of Spades one of the most popular Champagne brands on the market and a staple at high-end clubs, bars, and establishments. Today, the luxury champagne can cost up to $ 1,000 per bottle, while the value of the company has skyrocketed.

 

“Roc Nation, half of that, that’s my piece”

Here, Jay-Z shouts out another part of his business empire, Roc Nation, a multi-platform entertainment company he founded in 2008. The company specializes in artist management, music publishing, concert touring and production, and film and TV production. It also serves as a talent and sports agency that represents A-list clients like Shakira, Rihanna, NBA star Kevin Durant, and NFL player Victor Cruz.

 

“100% of Tidal to bust it up with my Gs”

The successful rapper and entrepreneur goes on to highlight his music platform Tidal, a subscription-based streaming service he purchased in 2015, along with a variety of other high-profile music artists. Last year, he sold 33% of the company to Sprint for $ 200 million, raising the valuation of the company to $ 600 million.

 

“We made the project a wave; You came back, reinvested and gentrified it”

This line is a reference to the gentrification of low-income communities, an epidemic that disproportionately hurts people of color. The invasion of real estate investors, who are often wealthy and white, in these areas drives up rents and the cost of living, which leads to the displacement of working-class residents as well as the erasure of the neighborhood’s character. That’s why Jay is stressing the importance of ownership — without it, people of color can be stripped of their land, culture, and identity.

 

“I ain’t got a billion streams, got a billion dollars”

A large part of Hov’s discography has been removed from Tidal’s music-streaming competitors, like Spotify and Apple Music. The move cost the rap mogul tons of streams. Nevertheless, its smart business moves like this that have made him the highest-earning rapper of 2018. The decision also speaks to his acumen as a businessman who is willing to make a personal career sacrifice for the ultimate benefit of his business.

 

“Them people stole the soul and hit ni—s with 360s”

Jay-Z addresses how hip hop, which began as a medium of expression for African Americans, has been co-opted by big businesses and major record labels who earn major profits from artists who sign 360 deals. These notorious contracts give labels a stake in the revenue an artist generates from touring, performing, selling merchandise, endorsements, and appearing in movies and television.  According to Jay, the deal is equivalent to someone selling their soul.

He, on the other hand, has bought the masters rights to his music. This ownership gives him leverage to use the masters to bargain the terms of a contract with a company or platform that wants access to his catalog.

 

“My accountant’s so good, I’m practically livin’ tax-free”

Like many wealthy elites, Jay-Z uses loopholes and provisions in U.S. tax law for his own financial advantage. The mogul raps about how his tax advisors prevent him from unnecessary taxation and allow him to submit the minimum amount on his tax returns. For example, in 2011, Jay-Z and Kanye West donated the Maybach used in their “Otis” music video to auction and used the proceeds to benefit the drought crisis in East Africa. As a result, the donation was tax-deductible.

The post “What’s Free?”: Jay-Z Shares Lessons in Business and Ownership on Meek Mill’s New Album appeared first on Black Enterprise.

Money | Black Enterprise

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“What’s Free?”: Jay-Z Shares Lessons in Business and Ownership on Meek Mill’s New Album

Just months after being released from prison for violating probation, rapper Robert Rihmeek Williams, best known as Meek Mill, released a much-anticipated album last week. The album, titled Championships, features hardcore beats, a rotation of hip hop superstars, including Cardi B and Drake, and a powerful message about Meek’s road to redemption.

On the standout track “What’s Free?” Meek teamed up with hip hop heavyweights Jay-Z and Rick Ross, who rap about their definition of freedom over the beat from Biggie Smalls’ 1997 classic “What’s Beef?” Jay-Z, however, outshines his cohorts with an exceptional verse, using his lyrical prowess to drop knowledge about the struggle for black liberation and allegedly take shots at the MAGA-loving Kanye West. In addition, the Brooklyn-born rapper boasts about his lucrative business investments and the massive accumulation of wealth he’s built over the years.

Here are eight lessons Jay-Z shared about business, ownership, and financial freedom on “What’s Free?”

Meek Mill

Spotify Fans first event for Meek Mill’s new album, Championships, in New York on December 1, 2018 (Photo Credit: Francis Montoya / SlingShotMenace, LLC)

“I’m 50% of D’usse and it’s debt free”

In this lyric, Jay-Z raps about his profitable stake in D’usse. The hip hop icon tapped into his personal savings to purchase equity in the cognac brand back in 2011. Because he did not have a need for financing, he was left with no debt and has reaped tremendous profits. In addition to being a partial owner, the mega-mogul also serves as head of global strategy for the brand.

 

“100% of Ace of Spades, worth half a B”

Jay-Z brags about his ownership of Armand de Brignac, a champagne popularly known as Ace of Spades. He expressed his affinity for the brand by featuring it in his rhymes and videos long before he bought the champagne from Sovereign Brands for an undisclosed amount in 2014. His brilliant marketing has, in turn, made Ace of Spades one of the most popular Champagne brands on the market and a staple at high-end clubs, bars, and establishments. Today, the luxury champagne can cost up to $ 1,000 per bottle, while the value of the company has skyrocketed.

 

“Roc Nation, half of that, that’s my piece”

Here, Jay-Z shouts out another part of his business empire, Roc Nation, a multi-platform entertainment company he founded in 2008. The company specializes in artist management, music publishing, concert touring and production, and film and TV production. It also serves as a talent and sports agency that represents A-list clients like Shakira, Rihanna, NBA star Kevin Durant, and NFL player Victor Cruz.

 

“100% of Tidal to bust it up with my Gs”

The successful rapper and entrepreneur goes on to highlight his music platform Tidal, a subscription-based streaming service he purchased in 2015, along with a variety of other high-profile music artists. Last year, he sold 33% of the company to Sprint for $ 200 million, raising the valuation of the company to $ 600 million.

 

“We made the project a wave; You came back, reinvested and gentrified it”

This line is a reference to the gentrification of low-income communities, an epidemic that disproportionately hurts people of color. The invasion of real estate investors, who are often wealthy and white, in these areas drives up rents and the cost of living, which leads to the displacement of working-class residents as well as the erasure of the neighborhood’s character. That’s why Jay is stressing the importance of ownership — without it, people of color can be stripped of their land, culture, and identity.

 

“I ain’t got a billion streams, got a billion dollars”

A large part of Hov’s discography has been removed from Tidal’s music-streaming competitors, like Spotify and Apple Music. The move cost the rap mogul tons of streams. Nevertheless, its smart business moves like this that have made him the highest-earning rapper of 2018. The decision also speaks to his acumen as a businessman who is willing to make a personal career sacrifice for the ultimate benefit of his business.

 

“Them people stole the soul and hit ni—s with 360s”

Jay-Z addresses how hip hop, which began as a medium of expression for African Americans, has been co-opted by big businesses and major record labels who earn major profits from artists who sign 360 deals. These notorious contracts give labels a stake in the revenue an artist generates from touring, performing, selling merchandise, endorsements, and appearing in movies and television.  According to Jay, the deal is equivalent to someone selling their soul.

He, on the other hand, has bought the masters rights to his music. This ownership gives him leverage to use the masters to bargain the terms of a contract with a company or platform that wants access to his catalog.

 

“My accountant’s so good, I’m practically livin’ tax-free”

Like many wealthy elites, Jay-Z uses loopholes and provisions in U.S. tax law for his own financial advantage. The mogul raps about how his tax advisors prevent him from unnecessary taxation and allow him to submit the minimum amount on his tax returns. For example, in 2011, Jay-Z and Kanye West donated the Maybach used in their “Otis” music video to auction and used the proceeds to benefit the drought crisis in East Africa. As a result, the donation was tax-deductible.

The post “What’s Free?”: Jay-Z Shares Lessons in Business and Ownership on Meek Mill’s New Album appeared first on Black Enterprise.

Money | Black Enterprise

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Citing racial bias, Jay-Z seeks to halt arbitration against Iconix

Jay-Z on Wednesday sued to halt his private arbitration with clothing company Iconix Brand Group Inc, saying the company’s inability to find an African-American arbitrator to hear the trademark dispute was unfair.
Reuters: People News

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