Jay-Z Closing In On $10 Million Deal With Sony

AllHipHop Staff

According to reports, Jay-Z is finishing up talks with Sony to manage his lucrative music catalog.

(AllHipHop News) Jay-Z is reportedly gearing up to boost his already bulging bank balance by signing a new $10 million deal with Sony.

According to Britain’s The Sun newspaper, the rapper has been in discussions with Sony/ATV Music Publishing CEO Jon Platt, and has agreed to a new deal which will see the label manage all the songs he has written to date.

“Sony has had its eye on Jay for a while and they have reached a deal which allows them to manage the songs he has written in exchange for one of the biggest advances in publishing history,” a source told the publication. “This helps him extend his lead as one of the wealthiest artists in the business.”

Jay has previously spoken highly of Platt, who oversaw a similar deal with the mogul’s wife Beyonce in January, calling him his “brother” and the “Obama of the music industry.”

Comments (2)

10 Mil ain't shit for the stuff he wrote.. i'm hoping that's a typo.

No. 1-2

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