The New York Post's Page Six is reporting that former Def Jam president Jay-Z has been busy looking for a label home to distribute his budding imprint, Carter Music Group. But an insider says it hasn't been going well because he's asking "way too much."
"He wants a label to give him $100 million for the Carter Music Group and provide for overhead, development and digital investment," the source claims. "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."
A rep for Jay-Z, who is branching out into hotels and bars, called this account "rumors."
Source: HipHop-Elements.com
"He wants a label to give him $100 million for the Carter Music Group and provide for overhead, development and digital investment," the source claims. "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."
A rep for Jay-Z, who is branching out into hotels and bars, called this account "rumors."
Source: HipHop-Elements.com
