Fri 22 May 2009
Rap Mogul Jay-Z Buys His Freedom Back
Posted by Models & Moguls
Rap "Mogul" Jay-Z and R&B "Model" Beyonce
Multi-platinum, multimillionaire, Mogul extraordinaire Jay-Z has just bought his Def Jam recording contract for an alleged 5 million dollars.
“I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely. I’ve been in the family for almost my entire career.
Doug and I spoke directly and had one of the most unique “negotiations” ever. Doug won the toss but, we both won in the end.. Source
I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.” - Source
Like we say here at Models And Moguls, “God bless the Mogul who has his own”!
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