Jay z Archives - Glamour Base Entertainment

“Jay Z Double-Crossed Us” Bacardi Claims

Campbell — Sat, 05 Nov 2022 15:55:24 +0000

American rapper and entrepreneur, one of the most influential figures in hip-hop in the 1990s and early 21st century, Jay-Z has reportedly filed a lawsuit against Bacardi, his partner on the cognac brand D’USSÉ. The rapper and Bacardi have been 50-50 co-owners of D’USSÉ since 2011 and Jay-Z has promoted the cognac over the years, frequently name-dropping it in his tracks.

The lawsuit, made public late Thursday, seeks internal files from D’Usse, which is managed by Empire Investments Inc., a wholly owned subsidiary of Bacardi International Ltd. It was filed by SCLiquor LLC, an entity owned and controlled by Jay-Z, whose given name is Shawn Carter.

The suit seeks to investigate allegations that Empire has for years “artificially held D’Usse back from achieving its full potential,” only to step up its efforts to run the company into the ground in October 20201, after SCLiquor exercised its right to demand a buyout, per Bloomberg Law.

The structure of the buyout rights “gave Bacardi a perverse incentive to mismanage D’Usse in the interim to artificially decrease its valuation for purposes of cashing out SC at an unfairly low price,” according to the complaint in Delaware’s Chancery Court.

According to documents obtained by TMZ Hip Hop, lawyers for Jay-Z’s company SC Liquor are demanding transparency surrounding D’USSÉ.

The lawsuit “says it needs all books and records, the location of all warehouses storing D’Usse barrels, bottles and accessories, as well as all info regarding Bacardi’s physical inventory and its inventory process,” TMZ reported.

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It’s not entirely clear what’s going on between Jay-Z and Bacardi or what has brought on the suit. One excerpt from the document claims that SC Liquor needs to “monitor the conduct of [Bacardi’s] business to protect SC’s rights” as a co-owner in D’USSÉ.

Jay-Z has co-owned D’Ussé since 2011, and famously drank it straight out of one of the Grammy Awards he won for Watch the Throne in 2013. The suit demands that Jay be given access to the production warehouses, D’Ussé barrels, bottles, and all other info regarding Bacardi’s inventory-keeping process. SC Liquor writes that it needs to “monitor the conduct of [Bacardi’s] business to protect SC’s rights” as a partner.

Speaking of Watch the Throne, Kanye West talked about a potential sequel to the blockbuster project during a controversial interview he gave on Drink Champs this week, and shouted out D’Usee in the process.

“This D’Ussé is brought to you by my brother Hov,” Ye said at one point. “Courtesy of The Throne. Part 2 coming soon.”

In September 2018, Kanye West confirmed the album was in the works when he tweeted: “throne2 coming soon.”

Jay-Z has yet to comment on the potential project and most recently contributed an epic verse on DJ Khaled’s song “God Did.”

As for the lawsuit, TMZ has reached out to Jay-Z for comment, but the rapper-turned-mogul has yet to issue a statement on them matter.

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Meek Mill Partners With Jay-Z’s Roc Nation to Launch Dream Chasers Label

Campbell — Wed, 24 Jul 2019 22:45:28 +0000

“We look at the big picture — this is way beyond signing artists and having hot records.”

Jay-Z and Meek Mill are partnering to bring Meek’s Dream Chasers label into the Roc Nation fold. The two signed papers Tuesday in New York City in front of a small media gathering at Roc Nation’s midtown headquarters.

Holding the title of president of Dream Chasers, a joint venture with Roc Nation, Meek will oversee the label and build a staff to sign and develop artists. The label will also handle its own operations, creative strategy, marketing and business affairs. Meek is also planning to open a recording studio for use by the label’s artists.

Said Jay-Z, whose 11-year-old Roc Nation has had Meek as a management client: “Everything he has done leading up to this point shows he is ready to [lead] the next generation. We look at the big picture — this is way beyond signing artists and having hot records.”

Meek will continue to record for Maybach/Atlantic and he plans to release some “new content” prior to the Aug. 28 start of his Legendary Nights tour with Future.

A Philadelphian — the Eagles used his “Dreams and Nightmares” as their entrance music during their Super Bowl-winning season — Meek created the Dream Chasers imprint in 2012, though its handful of releases have been limited to mixtapes.

Noting that it’s given him “seven years of experience,” Meek added, “I think it’s time for me to dive into the business. I’m 32 years old, I’m in a nice spot in the music business and I can help artists.”

The label has no artists signed yet and no time frame to get started. He’s jumping into the label business after having a string of major success — three of his four Maybach/Atlantic albums have gone platinum and two have gone to No. 1. His 2018 track with Drake, “Going Bad,” peaked at No. 6 this year and is two times platinum.

His goal is to sign artists with staying power rather than ones who might enjoy a month of success via social media channels. Jay-Z noted that Meek has been forwarding him plenty of music: “He has a super keen eye.”

Meek Mill’s rise in the music world, though, has run concurrent with lingering legal issues stemming from drug and gun possession charges. Upon his most recent release from incarceration, he and Jay-Z created the REFORM Alliance to lobby for changes in laws and policies concerning parole and probation.

“Coming out of prison, I felt I had a responsibility to lead the culture as much as I can,” Meek said. “Jay-Z and others that came before me were like the snow plow that made it easier for me and others. I want to be the snow plow of the next generation, taking on those responsibilities, trying to move forward and push the culture forward.”

On the business side, Meek recently acquired an ownership stake in the sports apparel retailer Lids and has joined the ownership groups of Ethika Underwear and Milano di Rouge.

All of that plays into what Jay-Z’s view of what Roc Nation represents. “When Meek and I connected, we connected on a level beyond him being a great rapper,” he said. “Just who he is, his honesty, his sense of responsibility. He just came out of a situation and pulled people together. He turned a negative thing into something positive.

“I know he can make music — you’ve heard it. I think he cannot only make music, but make stars. Not only make stars but make films. What we lacked for so long was opportunity. We didn’t own our businesses. We’ve never been in this position before, never had this sort of power. Hip-hop is 40-something years old so we’ve just now gotten to the point where we can really affect change. The music and culture we created — we’ve given it away for so long. It’s understandable. You have to clean the floors before you own the building.”

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10 Artists who retired from music and made a comeback

Campbell — Sun, 02 Jul 2017 18:53:22 +0000

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Rappers are blowing up Twitter with praise for Jay Z and ‘4:44’

Campbell — Sun, 02 Jul 2017 02:08:56 +0000

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