It has been a few months since Jay-Z left Def Jam and since then, Jay has been shopping his own label, Carter Music Group, to various labels for distribution. However, insiders are saying that he is asking too much from the labels.
According to the New York Post, the music mogul is asking “way too much” for the imprint, an insider told Page 6.
“He wants a label to give him $100 million for the Carter Music Group
and provide for overhead, development and digital investment. It’s
crazy. He wants the labels to basically be his venture capital fund –
but unlike a venture cap, they won’t get 50 percent. This is not the
’90s anymore.”
Rumors have gone around the past few months saying that he was working on a deal with iTunes to join forces for a label and there were also rumors stating that he was joining Columbia Records.
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