Thursday, May 29, 2014

Jimmy Iovine Steps Down As Interscope CEO

Following the sale of Beats to Apple Wednesday (May 28), Jimmy Iovine announced shortly after that he has stepped down as Chairman and CEO of Interscope Records, reports Billboard.
John Janick has been tapped to replace Iovine, and has been named chairman and CEO of Interscope Geffen A&M, while Iovine leaves to become an Apple executive.
"John Janick has exactly what it takes to lead Interscope Geffen A&M," Iovine said in a statement.. "He started his own label. He understands the art of making records and the unique dynamic between a record label and artist, as well as the enormous responsibility that comes with representing one of the greatest artist rosters ever assembled."
Janick launched his Fueled By Ramen imprint in 1996 and has worked in the Universal Music Group system, which includes Interscope Geffen A&M, since 2012. He has also been groomed by Iovine for the role.
Beats Music and Beats Electronics was acquired by Apple this week for $3 billion.
Both Iovine and co-founder Dr. Dre join the tech giant as executives.

Jay Z Splits With Longtime Manager John Meneilly

According to the New York Daily News, the hip-hop mogul made the decision to end their relationship, not Meneilly. However, other sources said the split was finalized months ago and it was mutual. Neither party has commented on the report. "Not much is known about John Meneilly, though he's been one of Jay-Z's most trusted managers and business advisors for years now, brokering all kinds of power moves in the upper echelon of the Roc Nation world Read more: http://www.ballerstatus.com/2014/05/28/jay-z-splits-longtime-manager-john-meneilly/#ixzz337HNcHU4

Wednesday, May 28, 2014

WOW!! It’s official: Apple to buy Beats Electronics for $3 billion

Apple Inc. will officially pay $3 billion to buy Beats Electronics, the headphone and music-streaming service founded by West Coast rapper Dr. Dre and music executive Jimmy Iovine, Re/code reported. The price comes in $200 million lower than the number initially reported on May 8. Beats gives Cupertino-based Apple a head start in product development and brings “incredible people, kindred spirits” into Apple’s fold, Re/code quoted Apple CEO Tim Cook as saying.

VIDEO Beiber Speaks on Lil Wayne And His Managers Beef

50 Cent Throws Wild First Pitch At NY Mets Game

LeBron James Surpasses Michael Jordan With Playoffs Record


LeBron James has something Michael Jordan doesn't: the NBA playoff record for most games with at least 25 points, five rebounds and five assists.
In Monday night's victory over the Indiana Pacers, James tallied 32 points, 10 rebounds and five assists. It was the 74th time he eclipsed the 25-5-5 plateau in the playoffs, so he now owns a piece of postseason history:

Rest In Paradise: Maya Angelou Passes Away At 86

World-renowned poet, author and civil rights activist Dr. Maya Angelou passed away this morning (May 28th) at the age of 86. She was found by her caretaker. Although no further details have been released yet, she had been reportedly dealing with various health issues. Just a few days ago, she tweeted, “Listen to yourself and in that quietude you might hear the voice of God.” Everything Maya Angelou has done will never be forgotten. May she rest in peace!

Tuesday, May 27, 2014

Whats Hot: T.I. Floyd Mayweather Updates / Lil Wayne Goes In On Justin Beiber’s Manager

Rick Ross Gets “Rich Forever” Face Tattoo


VIDEO: Lil Wayne Calls Out Justin Bieber’s Manager For Lil Twist

Lil Twist was real tight with teen pop star Justin Bieber... up until last summer, when the YMCMB signee moved out of Bieb's Calabasas mansion after his manager (Scooter Braun) accused him of being a bad influence. Well, Lil Wayne came to Twist's defense recently, calling out Braun in a recent video. "I heard this bitchass n*gga Scooter talkin' sh*t about my little brother," Weezy said as he exits a private jet with his arm around Twist. "N*gga, this my motherf*ckin' brother, anything you got to say, when you see me say it to my motherf*ckin' face," he continued. "And if you do happen to say it to my motherf*ckin' face, I ain't gonna make you eat them words n*gga, I'ma put them bitches on your tombstone." He concluded with a simple: "F*ck you Scooter!"