50 Cent's investment pays off, Coca Cola buys Glaceau for $4.6 billion
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Queens, NY rapper 50 Cent may good reason to brag on his new single "Straight to the Bank."
Glacéau, makers of vitaminwater, was acquired by The Coca-Cola Company today (May 25) for $4.1 billion dollars.
50 Cent invested in Glacéau in 2004 and owns 10% of the company.
Sources told AllHipHop.com that Coca-Cola's cash purchase of Glacéau earned the rapper an estimated $400 million dollars. |
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Associate of Tony Yayo charged with assaulting Henchmen's son
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An associate of G-Unit rapper Tony Yayo has been hit with criminal charges, stemming from an altercation with the 14-year-old son of music executive Jimmy "Henchmen" Rosemond.
Lawell Fletcher, 29, was charged with various misdemeanor offenses, for allegedly flashing a gun a Rosemond's son, during an altercation in which Yayo allegedly backhanded the teen for wearing a Czar Entertainment shirt.
Rosemond manages a number of top-selling rappers including former G-Unit member-turned-rival The Game. |
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Curtis LP pushed back to September, 50 Cent explains
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Curtis Pushed Back to September, 50 Cent Explains
XXLMag.com has confirmed that the release date for 50 Cent’s new LP, Curtis, has been pushed back to September 4. The highly anticipated album, 50’s third, was previously set for a June 26 release. “Yes it’s true my album has been pushed back because it wasn’t delivered to the plant in order to be distributed and delivered world wide so it has to be pushed back, 50 told XXLMag.com. “June 26th was the last date I could put it out internationally until September. I am disappointed in Interscope for being reactive instead of proactive.” In related news Glaceau, the makers of Vitamin Water, has been purchased by the Coca-Cola Corporation for $4.1 billion. One of the more popular flavors of the drink is the 50 Cent branded grape flavored Formula 50. “Today is 5/25 and it’s a beautiful day and I’m displaying my beautiful smile in beautiful way, It’s beautiful to be alive on 5/25, 50 said of the sale. “We sold Vitamin Water for $4.1 billion dollars to Coco-Cola! Ha-ha-ha!”
Source-xxlmag |
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50 Cent album pushed back until September!
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50 Cent announced yesterday that the release date for Curtis has been pushed back from June, until September.
"I'm an international artist," 50 Cent said. "My fans worldwide deserve to receive my album at the same time as my fans here in the US. Taking that into consideration moving the album to September was a necessary course of action." |
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DJ Jazzy Jeff & The Fresh Prince to record a new album in November
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DJ Jazzy Jeff & The Fresh Prince To Record New Album In November Posted: 05/25/2007
The rumors have been running rampant, but DJ Jazzy Jeff has now confirmed that he and Will Smith AKA The Fresh Prince will re-connect this November to begin recording a new album. |
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50 Cent's take over on BET's Rap City
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Do not adjust your television sets, 50 Cent will be taking over as celebrity host Rap City, beginning May 29, 2007 through June 2, 2007 at 5 p.m./ET. In the midst of promoting his third album entitled, "Curtis" and getting ready for a ground-breaking performance at this year's BET Awards '07, multi-platinum recording artist 50 Cent breaks all the rules and creates history during his reign on Rap City this Black Music Month. |
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50 says Eminem is recording a new album!
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50 Cent has delighted fans after confirming reports his pal Eminem is secretly recording a new album.  Eminem has been spending recent years producing other artists and hasn't released an album since Encore in 2004. During an interview with Blender magazine, 50 Cent admits he has been listening to some of Eminem's new tracks and is very impressed with his forthcoming fifth studio album. 50 Cent, real name Curtis Jackson, says, "He's got a new album coming. He's not gonna tell people that, but he's making new music. "I've heard a few songs, and it's hot. He won't tell nobody he's working on a new album, but I'll tell you: he's working on new music. And once he locks into it, like, 'This is my favourite s**t,' it's gonna come out." When asked if the new material is angry or wacky, Jackson replies, "Both. The whole range. You know, Michael Jordan was supposed to play basketball. Floyd Mayweather was meant to box. And Eminem was meant to rap." Source:HipHopSixShot.com |
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Obie Trice ready to make changes
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Obie Trice is making no qualms about it. He wants to be on the radio. He wants to be invited to award shows. He wants to make a "Song of the Year" candidate. He's ready for what he refers to as a "transition."
He has already started working on his next project, tentatively titled Bottom's Up. The album title cleverly follows the pattern set by his earlier releases Cheers and Second Round's On Me. Now it seems that he has his sights set on breaking through, even more than he has already.
As he talks of branching out, he has already started working with Daz. He's also in touch with Tony Draper (former CEO of Suave House and current manager of Clipse) in order to help with this transition. |
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Busta Rhymes settles $100K lawsuit
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Busta Rhymes settled a $100,000 lawsuit yesterday (May 22) which accused the rapper and his bodyguard of assaulting a fan who asked for an autograph.
Melvin Smith won a default judgment against Rhymes, claiming that the superstar rapper and his bodyguard Troy Green assaulted him when he asked Rhymes for an autograph in a sandwich shop in Manhattan.
Smith, 37, said that he needed four stitches to close a laceration over his eye. |
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Jay-Z and Damon Dash hit with $15 million lawsuit; and more
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Jay-Z and Damon Dash have been hit with a $15 million dollar lawsuit by a Philadelphia man, who claims that Roc-A-Fella stole the concept of the hit movie State Property from his novel.
Antonne Jones filed the lawsuit earlier this month in Manhattan Federal Court, alleging that State Property was based upon his novel The Family: A Philadelphia Mob Story, which centers around "four men seeking 'ghetto glory' - money, power and fame."
Jones claims he met with the pair in 1998 and wanted $500,000 for the rights to the movie.
The lawsuit says Jones rejected a $50,000 offer from Jay-Z and Damon Dash and never heard from them again.
State Property was released in 2002 and starred Beanie Sigel and his State Property rap collective as the "ABM," a group that attempts to corner Philadelphia's drug trade.
In addition to Jay-Z and Damon Dash, the film's distributor Lions Gate is named as a defendant in the lawsuit. |
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