Jay-Z Working On $20 Million Deal With Samsung Mobile?
Jay-Z’s business empire is rapidly expanding building, with new reports claiming that he is set to sign a $20 million deal with Samsung Mobile.
According to the New York Post, Hov is apparently looking to set-up a music streaming service to promote acts signed to his Roc Nation label, including Rita Ora, Alexis Jordan, and J. Cole, via the company’s smartphones. This new streaming music service would give Dr. Dre and Jimmy Iovine’s “Daisy” subscription service some competition.
It’s said that the eight-figure deal will be finalized in the next few weeks. Back in March, Universal Music Group signed a two-year deal with Samsung for their Kleek music streaming service. Just one month later, Jay-Z and Roc Nation signed a partnership with Universal Music Group and Live Nation worth $150 million.
That’s not all for Jay-Z though. Hov’s Roc Nation Sports announced on April 25 that Skylar Diggins, third overall pick in the 2013 WNBA Draft, had signed with the sports agency. Diggins is a five-time USA Basketball gold medalist and four-time All-American at Notre Dame.
By Andie Lowenstein