New deal comes a week after Def Jam departure
Jay-Z is reportedly close to signing a deal with Sony with that will see him distribute all new material via the company’s Epic leg.
The rapper last week announced his departure from Def Jam, a move that cost him $5 million in order to retain control of future master recordings, reports Reuters.
The deal with Sony is “95% complete”, and the deal is expected to be confirmed within weeks.
Last year, the star signed a $150 million deal with Live Nation that included touring, publishing and albums.
Jay-Z’s new album ‘The Blueprint 3’ is expected to be the first album on his Roc Nation imprint to be distributed by Sony/Epic.
–By our New York staff.
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