First Beyonce inked a 50 million dollar deal with Pepsi and now news of a potential partnership between her hubby, Jay-Z, and Samsung is in the works … for a meager 20 mill – aka play money.
Jay-Z and Samsung are said to be locking in a $20 million package that would see the rapper collaborating on multiple projects with the tech giant.
Page Six reports that the rapper and now sports agent might create a social media network as part of the deal. Regardless of the terms, a $20 million signing is a big move for the man who famously asserted, “I’m not a businessman, I’m a business, man.”
If true, the report would signal the latest in a number of high-profile business moves Jay-Z has made over the past couple of years. He dissolved his stake in the Brooklyn Nets to set up Roc Nation Sports, a talent agency that has already landed some key signings; he moved his music label, Roc Nation, from Sony to Universal; he launched Made in America, a massive music festival in Philadelphia and even executive produced “The Great Gatsby.”
These two stay racking up multi-million dollar endorsement deals! Now, can they please do something with it? Like school funding, nation wide rec centers for children, MUSIC and ARTS SCHOOLS? Just a thought.