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(AllHipHop News) 50 Cent recently signed boxer Billy Dib of Australia to TMT Promotions (The Money Team), a new company the rap star is running with world boxing champion Floyd Mayweather.
50 Cent and Floyd Mayweather’s TMT Promotions have already received its promoter’s license in New York and has another application pending in Las Vegas, Nevada, where Mayweather is finishing an 87-day prison sentence for spousal battery.
In addition to Billy Dib, TMT Promotions has already snagged featherweight boxer Yuriorkis Gamboa and super middleweight boxer Andre Dirrell.
According to 50, it was Floyd’s idea to start TMT Promotions as an alternative to the current promotional deals that are being offered to boxers today.
“I mean, outside of the fact that it was Floyd’s concept, and that it was his idea initially that he wanted to develop a company for himself and for other talent that can execute things without having to be within a traditional situation where you have to completely watch your back, 24/7,” 50 Cent told RingTV.com. “From a fighter’s perspective, you know, it’s going to be exciting to be a part of our company and something like that. When you achieve a certain level of success with your career, you start to do some soul-searching and you start to figure out what you’re actually after.”
50 told RingTV.com that Floyd can spot talent in upcoming boxers, which was another reason that two famous friends decided to go into business together.
In related 50 news, the rapper has set a November 13 release date for his album Street King Immortal.
Bryan “Birdman” Williams is a busy and successful man. After running Cash Money Records with brother Ronald “Slim” Williams, and ushering in a new generation of rappers via his “son” Lil Wayne and the YMCMB roster, he’s on to the next one.
All ballers know that they need to “diversify their bonds” – and in recent years, Birdman has extended his brand into books via the Cash Money Content company. A quick riser in the Urban Fiction lane, Cash Money Content is home to authors like “Basketball Wives'” Evelyn Lozada Ochocinco, the “Queen of Street Lit”, Wahida Clark, and New York Times bestselling couple, Ashley and Jaquavis.
Below, Birdman talks with two of his authors about taking over the Urban Fiction game – and his plan to venture into movies next. Check the video:
AllHipHop.com’s resident Daily Word guru and all-around inspirational guy, Ash Cash, is back with his latest installment of “Ask Ash Cash.”
Watch the video below his response, as he offers more sound advice to readers:
Greetings and Salutations! Welcome to another addition of Ask Ash Cash, where we go in the streets and answer all of your finance and business questions. Remember you can send your video questions to [email protected] or via Twitter (@IamAshCash – hashtag #AskAshCash).
With the economy still in disarray, and many people not knowing whether social security is going to be around when they retire, it is now wonder people are beginning to take their financial freedom into their own hands.
Dear Ash’Cash: What’s the difference between an IRA and 401K? And, is it ever too early to get one?
If you’re working a 9-to-5, a 401k is the first thing you should be investing in; a 401(k) is a retirement plan that allows you as the worker to save money for retirement. The most advantageous part of a 401k is that you do not have to pay any taxes on the money that goes
into the plan until later. In the finance world, this is called tax-deferment. This tax benefit allows you to earn interest on money that would’ve went to the IRS had you not been in the plan, and allows you to pay the taxes once you take the money out at retirement, which is currently at 59-1/2 years old.
The assumption is that you will be earning less at retirement, putting you in a lower tax bracket and giving you even more savings. Most of the time, the money that you invest in your plan – or your “contribution” as it is called – is taken directly from your paycheck before you even see it. If your company is generous (as most were before the recession), they will match your contribution up to a certain amount…usually five percent.
An IRA, which stands for an Individual Retirement Account, is very similar to a 401(k). The only real difference is that a 401(k) is sponsored by your employer, while an IRA is sponsored solely by you (there are some exceptions to that rule, but I’ll explain further below). To contribute to a 401(k), you have to have a company that participates in the program, but to contribute to an IRA, the only stipulation is that you have earned income within the year you’re contributing in. An IRA gives you the same tax benefits as a 401(k), which includes tax-deferment and a tax-free option. The following are different types of IRAs:
• Traditional IRA – a traditional IRA is the most common. Contributions are often tax-deductible, which means that anything you contribute is deducted from your income, and doesn’t require you to pay taxes until you withdraw. Just like the 401(k) your withdrawal at retirement is taxed as income at your current tax rate based on your tax bracket. All of the transactions and earnings have no tax implication as long as it is done within the IRA.
• Roth IRA – the contributions are made with after-tax dollars, which means that you cannot deduct the amount contributed from your income when you file your taxes. Any withdrawals that are made are tax-free, meaning you don’t have to pay any taxes on the principal or interest. Any transactions that you do within the IRA have no tax implication.
The easiest way to remember the two is that a traditional IRA gives you your tax break in the end – tax-deferred; and a Roth IRA gives you the tax break up front – tax-free.
• SEP IRA – a SEP IRA is designed for a small business or self-employed person to make retirement contributions into a traditional IRA that he/she sets up in his/her employee’s name.
• SIMPLE IRA – a simple IRA is also set up by an employer and stands for a simplified employee pension plan that allows both the employer and employee to make contributions. This is exactly the same as a 401(k) except that a simple IRA has lower contribution limits.
As to whether it is ever too early to start one, the answer is ABSOLUTELY NOT!!! You should be contributing to an IRA or 401(k) as soon as you can! A retirement account is the best way to save for the future, and with the many tax benefits you get from our dear old Uncle Sam, there’s no excuse to not invest in one.
Make sure you do further research before deciding which option is right for you. Your banker should be the best person who can answer your retirement questions (if you don’t have a banker, it’s time to switch banks).
The rumors will be the rumors, but this one is crazy!
There is a rumor in circulation that says Khia, the rapper/ singer has been caught for welfare fraud! Apparentl;y, the rap game has not spared her from needed some extra help in feeding her family. Rumor has it, the entertainer gets welfare benefits in Georgia. She has a pair of teen kids that also get help from the government. But it seems like she manages to make too much money for welfare or something and therefore has been under investigation for fraud. I guess she still gets royalties from “My Neck, My Back.” Anybody somebody said that this may be a lie on behalf of her haters.
I’m out! RIP Sherman Hemsley!
THE GEORGE JEFF WALK!!!
A few minutes ago, Jay Electronica instagram’ed a photo of a tracklisting that looks like it could be from his upcoming debut album, Act II: The Patents Of Nobility.
Check out the photo below:
It looks like he has features from Jay-Z, Kanye West, Erykah Badu, The Dream, Diddy and more. The song titles look crazy! “New Illuminati” featuring Kanye West, “Road To Perdition” featuring Jay-Z. I looked up perdition and it’s a Christian theology that means, “a state of eternal punishment and damnation into which a sinful and unpenitent person passes after death.” Spooky! I’m anxious to hear the album.
Sidenote, I heard a rumor today that Jay Elects’ heiress girlfriend, Kate Rothschild, has offered to fund all of Jay Elects musical endeavours if he so pleases. Let’s get that album release date, Jay Electronica! You got everybody behind you.
Kobe Bryant caught a firestorm of flack after he admitted in a recent interview that he thought that the 2012 Olympic team could beat the brakes off of the 1992 Dream Team. Now, LeBron James has added in his two cents and agrees with his teammate Kobe, that they would beat the team that made headlines 20 years ago as the best team to ever play together. Check out what Lebron said below:
“Kobe is a teammate of mine, and I support him,” said LeBron. “As a competitor, you never want to say that you will lose, no matter who you’re going against.The ’92 Dream Team paved the way for all of us. The set a standard in the Olympics and basketball in general that’s very high. As a competitor and as a fan of those guys you try to live up to that. You try to be better than them so people start talking about your team, the 2012 team. So we understand what they did for our game, but we also are big time competitors as well. So if we had an opportunity to play them, in a game, we feel like we would win too.”
The 1992 team was the first U.S. Basketball team to consist of active NBA players, and was made up of 11 future Hall of Famers, including Michael Jordan, Magic Johnson, Larry Bird, Patrick Ewing, Charles Barkley, Scottie Pippen, Karl Malone, David Robinson, John Stockton, Clyde Drexler, Chris Mullin, and legendary coach, Chuck Daly.
The 2012 USA Basketball team is made up of Kobe Bryant, LeBron James, Carmelo Anthony, Kevin Durant, Tyson Chandler, Anthony Davis, James Harden, Andre Iguodala, Kevin Love, Chris Paul, Russell Westbrook, Deron Williams, and coach, Mike Krzvzewski.
So, which squad do you think would win if there was a way to time travel and pit these two teams against each other?
Make sure you check out the USA Basketball team’s first Olympic game against France tomorrow (July 29).
Roger M. Bobb is the President and CEO of Bobbcat Films. A six-time NAACP Image Award winner, he is also the former Executive Vice President of Tyler Perry Studios. To date, his various film projects have amassed over $500 million in box office receipts. His theatrical producing credits include: Diary Of A Mad Black Woman, Madea’s Family Reunion, Daddy’s Little Girls, Why Did I Get Married?, Meet The Browns, The Family that Preys, Madea Goes To Jail, I Can Do Bad All By Myself, Why Did I Get Married Too?, For Colored Girls, and Madea’s Big Happy Family.
Roger M. Bobb marks his directorial debut with Raising Izzie, a GMC Network feature film, which also serves as the first film produced under his new film and television production company. In the midst of promotional support for Raising Izzie, Roger M. Bobb managed to squeeze some time out his busy schedule and settle down for an interview with AllHipHop.com Alternatives – reflecting upon the influence of Spike Lee, the founding of Bobbcat Films, and lessons learned working under Woody Allen and Tyler Perry:
AllHipHop.com: Your directorial debut, Raising Izzie, revolves around the power and necessity of faith. Connect this theme and message to your professional pursuits, in particular the founding of Bobbcat Films.
Roger M. Bobb: As most people know, I came from Tyler Perry Studios where I served as executive vice president and I started my own company to create a diverse slate of programming. I am a Christian and I am not ashamed to say it. A piece of what I want to do is make films for the faith-based audience, which is what I have done in the past. Although I have worked on a lot of sitcoms in the past, this is my feature film debut as a director. And the fact that this film speaks to family, faith, love, and forgiveness is a no-brainer for me.
I got involved with this project after attending the American Black Film Festival. GMC hosted a screenplay competition and I remember hearing the screenplay being read by several actors since it was a finalist in the competition. And the whole time I thought to myself: “Hey, that’s a really good script.” And then the script ended up winning the completion, and a few months later the Vice-Chairman of GMC asked me to produce it, since he had seen me produce several other films. I said, “OK,” and told him to send me the script. The script resonated so much with me that I decided to produce the film but only if I was allowed to direct it. What really resonated with me the most is the fact that the hero couple is Black and the kids are White. And obviously, one of the themes in the film is “love is where you find it” – regardless of race, ethnicity and social-economic status.
However, as a film-goer, I am used to seeing the “great White hype” films – like The Blind Side – where you have a White family saving this Black soul. And when I read the script, it was something different. Here, you have a Black family basically opening up their hearts to these two little White girls. But fundamentally, what resonated with me is the fact that it was two separate families – one being these two little girls, and the other being a married couple – that are going through trials and tribulations in their life and they find each other. That just spoke to me, and that’s why I decided to do the film.
AllHipHop.com: Towards the end of the film, actor Rockmond Dunbar states, “I’ll fully admit that I don’t understand how God moves. But I know He is real.” When you reflect upon the years and look back at your career, what do you consider to be the biggest obstacle that you had to overcome, and what key factors do you think have attributed to your success?
Roger M. Bobb: To be honest, I really work hard, and one should never underestimate the value of hard work. Quite frankly, there are more talented people, and there are people who have had longer careers, but I am a very hard worker and I am passionate about what I do. I love making film and television. And of course, luck plays into everything in life. I have had enough luck in my career that I was able to align myself with people who were able to take my career to a higher level. Certainly, meeting Tyler Perry. You know what? Let’s not call it luck. Let’s call it a blessing. My life has been filled with blessings and I have been able to capitalize upon the blessings that God has given me in life.
AllHipHop.com: Born in London, but raised in Brooklyn, at what point did you discover your love of film as an art form? And taken further, at what point did you determine that filmmaking was the career that you were willing to pursue?
Roger M. Bobb: I moved to Brooklyn at a very early age. And growing up in Brooklyn, I always had an affinity for film and television. When I was younger, I took acting lessons and music lessons and things like that and I was always interested in the arts. But growing up in the mean streets of Brooklyn, it wasn’t until this young, Black brother from a neighborhood less than half a mile from where I lived named Spike Lee directed a film called She’s Gotta Have It (1986). I was about 18 or 19 at the time and it just totally blew me away. I could not believe that someone that looked like me and came from my neighborhood could achieve the level of success that he had achieved with this particular film. Now, yes, I loved the film and loved Spike Lee, but quite frankly I still thought that films were made in Hollywood far, far away.
And so, it was really a matter of me pursuing my goal and pursuing my dreams and realizing that I wanted to be a filmmaker because I was set and prepared to go to law school. But one night, it just clicked, and I realized that you only have one life to live and you have to at least try to pursue your inner passions. But it was really Spike Lee’s She’s Gotta Have It that made me feel that I, as an African-American, could have a career in film. And this was also around the time that Robert Townsend came out with Hollywood Shuffle (1987) and several other independent filmmakers were getting their start.
AllHipHop.com: Your career in film began in 1997 when you were accepted into the Director’s Guild of America’s prestigious Assistant Director Trainee program. Having worked as a First Assistant Director on over 50 films, what professional lessons from the first decade of your film career guided you into your second?
Roger M. Bobb: I was fortunate to work on a film called Celebrity with Woody Allen. The people and opportunities that come into your life always give you the chance to learn something new. And very early on, I learned from him the value of knowing what you want. He doesn’t spend a lot of time in pre-production. He doesn’t even spend a lot of time shooting. His shooting hours aren’t that long. He knows exactly what he wants and he is able to communicate that to his crew. That is a real skill. Working with Tyler [Perry] was the same way. Our film shoots weren’t long. We don’t shoot a tremendous amount of days. We don’t have huge budgets – but he knew exactly what he wanted. And I can say that is something that I have really learned from those two directors.
AllHipHop.com: Is there a particular project, or series of projects, during the early years that you consider to be transformative in your approach to film-making?
Roger M. Bobb: I was fortunate to work on New York Undercover, a television show with Malik Yoba and Michael DeLorenzo. That was my first experience with a multicultural crew. The films that I had worked on beforehand were 90 to 95 percent White. And so that was the first time that I was able to experience key people in key positions who were African-American. And through that experience, I was able to see that it wasn’t just me – and that there were other people like me – that liked to make films and wanted a career in the film and television industry. One of the things that I admire about Spike and Tyler – not only for their success in front of the camera – but they have been really able to help so many careers behind the camera. That’s something that I don’t think either one of them gets enough credit for.
AllHipHop.com: Considering the fact that New York Undercover was your first multicultural experience in Hollywood, when you examine the 15 years or so that you have been in the business, what external progress are you most proud to have witnessed, and what internal obstacles still need to be overcome?
Roger M. Bobb: Certainly, when you look at African-American films, there was a time – and I may be wrong with the year, it may have been 1999 – there were 21 Black films. I remember because I had a shirt that listed every single film. But now when you flash-forward to 2012, we maybe have five or six films being released. So I would certainly like to see that improve. And you know how that happens? We have to support the films that we like. We can’t just wait for them to come out on DVD. We have to show our support at the box office. What has happened on the flip-side: television improved – with regards to cable networks – specifically the sitcoms. When House of Payne came out in 2005, there were only about two to three Black sitcoms on the air. And now, this year alone, we are going to have about seven or eight.
So, while I am saddened that our output in terms of film has declined, because of how much it costs to make a film relative to the cost it takes to make a sitcom, I feel that our television projects have increased. So hopefully, that will continue to happen. On the whole, I would just like to see more diverse African-American programming. We are not one monolithic culture. We have different experiences. We have different thoughts. Take music for example. Everyone doesn’t love Hip-Hop. Everyone doesn’t love jazz. Everyone doesn’t love Gospel. Here, we have three different types of music and – quite frankly – three different types of lifestyles that African-American live. And for that reason, I am a strong advocate for diverse programming that reflects the diversity of African-Americans within the United States.
AllHipHop.com: To date, you have won six NAACP Image Awards for your film and television projects. As one of Hollywood’s most successful producers, what responsibilities do you knowingly – and perhaps unconsciously – place upon yourself when taking on a film or television project?
Roger M. Bobb: I am currently producing The Rickey Smiley Show starring Rickey Smiley [for TV One]. And while we were shooting, I was talking with the writers and other producers about how White shows can simply be funny. When you are producing Black content, you feel a certain level of responsibility not only to be funny, but also to be responsible with the jokes that you tell and the characters that you portray. If you have a negative character, for example, then you feel compelled to have a positive character to balance out and counter-act that negative character.
White content creators just have the freedom to be creative and to be funny – especially when it comes to sitcoms. When you look at Good Times and The Jeffersons, they always dealt with social issues as opposed to just being funny. Jerry Seinfeld – I am not sure he dealt with one serious social issue on his show, but he certainly was funny. Being an African-American content provider, this is one of the crosses that you have to bear – if you are a responsible one.
AllHipHop.com: You are one of the principle investors in The Green Room Acting Lounge based in Atlanta, Georgia. Discuss the origins – as well as your attachment to – this community-driven business venture.
Roger M. Bobb: The Green Room is a coffee shop and acting studio partnered with Terri J. Vaughn. She is an actress that many people know from Meet the Browns and The Steve Harvey Show – and she has moved to Atlanta. What she found – as far as ways in getting materials to actors – Atlanta does not have them. If you are an actor or actress or interested in acting, then you can go to the Green Room and get a cup of coffee, free Internet, and more importantly, literature on acting, film, and theatre.
We also offer acting lessons during the day and on the weekends. We also have special workshops: Jasmine Guy (A Different World) has come through there, along with Kim Fields (Living Single). And quite often, when actors are filming a project, they come by and speak to people – writers, producers, and directors. It has been a really great way for us to give back to the community and show people that there are people in the arts that really do care about fostering the arts in Atlanta.
For more information on Roger M. Bobb and Bobbcat Studios, visit the company’s official website.
For more of Clayton Perry’s “views” and interviews, browse his “digital archive” – www.claytonperry.com – and follow him on Twitter (@crperry84).
One day after “No Lie” was certified Gold, the G.O.O.D. Music rapper tweeted out his dislike for people remixing his music. Check out what he tweeted below:
“Everybody alwayz REMIX my songs. how bout u lazy artists,try 2kom up wit sumthn original,instead of replacing my words wit urs. MUSIC is fun.”
The thing is, Wiz Khalifa recently remixed 2 Chainz’ Drake-assisted smash single, “No Lie”. So the question is, is 2 Chainz trying to diss Wiz? Roscoe Dash also remixed “No Lie”, so maybe the comments were aimed at him? Hmmm. Check out how Wiz remixed “No Lie” below. Are you feeling it?
2 Chainz debut album, Based On a T.R.U. Story is set to be released next month. Check out the original “No Lie” below. Did Wiz do the track justice, or do you like the original version better?
In a recent interview with the UK’s Benji B, Nas recently revealed that he was down to do a whole joint album with the elusive Roc Nation artist, Jay Electronica. But could those plans still be in the works?
We got a taste of what Nas and Jay Elect could do together on “Queens Get That Money,” the opening track for Nas’ 2008 album, Untitled, or better known as the controversial N-word album. Check out what Nas said about the missed collabo opportunity below:
“I wanted to get him to do the entire Untitled album, the N-word album,” revealed Nas. “He had ideas, he was pulling records from J Dilla, he was pulling records. He was there with me while I was working on it. He did the first record on there. It would have been so ahead of its time because no one at that time… He wasn’t signed, he wasn’t out there like that. So it would have been great right now to go back and say, ‘Yo, this dude produced my whole album years ago.’ That would have been cool. He’s ahead of his time like that.”
So what about in the future, could a joint album between Nas and Jay Elect ever see the light of day? Check out what Nas said about that below:
“Now everyone knows who he is now and some of the mystique would be gone if he did that,” answered Nas. “But who knows how it would come out. Probably would be crazy still.”
Well considering that we’ve been waiting for Jay Electronica to drop some new music for some time now, Nas better not hold his breath! How do you think a Jay Elect and Nas joint album would sound? To refresh your memory of what they can do together, check out that “Queens Get That Money” below:
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R&B singer Mateo released a new track this week off his forthcoming mixtape, Suite 823, entitled “Looking You Up”, featuring singer/songwriter Stacy Barthe.
The track was produced by Kerry “Krucial” Brothers and co-produced by Zeke MacUmber for Krucial Noise, longtime Alicia Keys collaborators.
“Looking You Up” is all about love lost. Listen to the track and watch a Ustream below of Mateo discussing the song, along with his new mixtape:
Mateo – Looking You Up feat. Stacy Barthe
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Mateo’s Suite 823 is set for release on August 1.
(AllHipHop News) Officials in Norway have announced a ban on rapper Snoop Dogg for the next two years.
The ban comes on the heels of the rapper’s arrest in June of 2012, as he attempted to enter the country with marijuana.
Authorities found eight grams of marijuana on Snoop, who was arrested at the airport and fined over the incident.
As a result, officials have barred him from entering Norway for the next two years.
This is not the first country that Snoop Dogg has been hard for him.
In 2006, Snoop Dogg and his entourage were involved in a massive brawl airport officials in Heathrow Airport in London.
Snoop eventually won that case, after surveillance footage was produced that proved police were the aggressors, vindicating him in the incident.
In April of 2007 Australian officials banned Snoop from the country due to his criminal record, although they eventually reversed the decision and Issued Snoop a work visa.