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Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Rapper Jay-Z close to a deal with Sony Reuters - Thursday, May 28 By Mariel Concepcion ADVERTISEMENT NEW YORK - Rapper Jay-Z is close to signing a deal that will bring his future recordings to Sony, sources told Billboard. The deal, which will link Jay-Z's Roc Nation releases with Sony's Epic Records for distribution, "is 95% complete," according to people familiar with the negotiations. A formal announcement is expected in the coming weeks. Just last week, Jay-Z confirmed his departure from longtime label home Def Jam, where he was once president and CEO. His split from the Universal Music Group-owned label reportedly cost him $5 million, but left him in control of his future master recordings. Jay-Z's eleven solo records and collaborations with Linkin Park and R. Kelly have sold more than 29 million units according to Nielsen SoundScan. Last year, Jay-Z and concert promoter Live Nation struck a wide-ranging deal that included touring, publishing and albums. The roughly $150 million pact includes a partnership in Roc Nation, as well as the rapper's own recordings and tours for the next 10 years. "He definitely didn't want to release his album via Def Jam," said a Universal Music source. "And given his close relationship with Rick Rubin, it comes as no surprise that he'd make the switch." Speculation has intensified in the past week that a Sony deal is in the works. Sony Corp CEO Howard Stringer and Jay-Z's Roc Nation partner Jay Brown have been spotted meeting in Los Angeles and New York; Epic Records president Amanda Ghost is managed by Roc Nation and Brown; and Jay-Z's wife, Beyonce, is an artist on Sony's Columbia Records label. If the deal goes through, Jay-Z highly-anticipated eleventh studio album, "The Blueprint 3," will most likely be the first release on Roc Nation to be distributed by Epic. Email Story IM Story Printable View Blog This Sign in to recommend this article » 0 users recommend Related Articles: Personal Technology Rapper Jay-Z close to a deal with SonyReuters - Thursday, May 28 'DTXTR' translates teen text into EnglishAFP - Thursday, May 28 Nokia apologises for hitches with new online storeAFP - Thursday, May 28 Game Review: `inFamous' an electrifying experienceAP - Thursday, May 28 Related Articles: Entertainment & Lifestyle Nia Vardalos back in spotlightAFP - Sunday, May 31 Susan Boyle's dream ends as she loses talent showAFP - Sunday, May 31 Susan Boyle beaten in talent show finalReuters - Sunday, May 31 Hamburg, the city where the Beatles 'grew up'AFP - Sunday, May 31 Music icon Phil Spector gets 19 years for murderAFP - Saturday, May 30 Enlarge Photo Rapper Jay-Z performs at the Glastonbury Festival 2008 in Somerset in south west England June 28, 2008. REUTERS/Luke MacGregor Related Full Coverage Personal Technology Mobile phones & personal gadgets All Full Coverage Most Popular – Entertainment Viewed Vitamin D boosts brain power in middle-aged men Music icon Spector gets 19 years for murder Ancient eruption 'killed off world's sea life' US lab debuts super laser Talent judge defends singing sensation Boyle View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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