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

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.”

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