Post by a.k.a on Mar 21, 2008 19:14:54 GMT 3
Now that he's no longer with Def Jam, Jay-Z has been shopping his own Carter Music Group around for a home. But inside reports say that he is asking for more than his upstart label is worth.
According to the New York Post, the music mogul is asking "way too muchfor the imprint, an insider told Page 6. "He wants a label to give him $100 million for the Carter Music Group and provide for overhead, development and digital investment. It's crazy. He wants the labels to basically be his venture capital fund - but unlike a venture cap, they won't get 50 percent. This is not the '90s anymore." "
According to the New York Post, the music mogul is asking "way too muchfor the imprint, an insider told Page 6. "He wants a label to give him $100 million for the Carter Music Group and provide for overhead, development and digital investment. It's crazy. He wants the labels to basically be his venture capital fund - but unlike a venture cap, they won't get 50 percent. This is not the '90s anymore." "