Tuesday, June 4, 2013

And Another One: Jay-Z Reportedly Signing $20M Deal With Samsung

It's only been a few months since Beyonce locked down a $50 million endorsement deal with Pepsi, and now Jay-Z and Samsung are reportedly getting in bed together to the tune of $20 million.

Page Six reports that Hov may create a social media network as part of the deal. If the Samsung deal is true, it would only be the latest in a number of high-profile business moves Jay-Z has made over the past couple of years. 

He set up Roc Nation Sports; he moved his music label, Roc Nation, from Sony to Universal; he launched the massive Made In America music festival in Philadelphia and even executive produced "The Great Gatsby."

Jay-Z wasn't kidding when he rapped, "I'm not a businessman, I'm a business, man."

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