According to a recent blurb posted on Streetcred.com Jay-Z is continuing to make global power moves.
Hot on the heels of his deal with Live Nation, which reportedly has the live music promotions giant contributing $5 million each year in overhead for five years, $25 million to finance Jay-Z's external acquisitions and investments, plus $10 million per album for a minimum of three albums within the deal's term, as well as aanother $20 million for other rights including publishing and licensing, Jay-Z is reportedly in the process of starting a new joint venture project with Norwegian based production crew Stargate.
The Stargate team of Tor Erik Hermansen and Mikkel S. Eriksen will join Jay-Z in the formation of the StarRoc record label imprint.
No artists signed to the label have been announced.
Stargate are best known for producing such hits as "So Sick" (Ne-Yo), "Irreplaceable" (Beyonce) and "With You" (Chris Brown).
"They like Hov why you still talk that money shit? . . . Cuz I like money Bitch!"
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