Jay-Z’s Roc Nation is alleging a massive book-cooking cover-up.
Roc Nation, LLC, the entertainment company founded by Jay-Z in 2008, is suing Iconix Brand Group, Inc.
Jay-Z alleges that Iconix exaggerated its profits and cooked its books in order to sign deals with Roc Nation and other companies, including Ed Hardy. Moreover, it’s alleged that in doing so, Iconix stole funds from — and compromised the images of — the indicated brands.
Iconix is a publicly traded licensing company that was founded in 1978. In 2007, Jay-Z’s men’s clothing line, Rocawear, was sold to Iconix for more than $200 million. The move made sense at the time, given that Iconix appeared to be a reputable organization and had inked distribution deals with Kohl’s, JC Penney, Target, and many other well-known retailers.
But the last 12 years have brought considerable changes for Iconix, including allegations of accounting fraud and a drastically lower stock price. When Jay-Z sold Rocawear to Iconix, one share of the latter traded for more than $200; this single-share price spiked to over $400 in 2013.
It’s been a downhill ride since 2015, however: at the time of writing, Iconix (its stock symbol is ICON) is trading at about $0.80 per share.
A plummet of this nature is almost always indicative of some type of underhanded, behind-the-scenes behavior, and the Securities and Exchange Commission (SEC) has long been investigating Iconix. As part of this investigation, Jay-Z was subpoenaed and made to testify before regulatory officials.
That represents a dangerous prospect, and Jay-Z’s lawyers delayed his testimony for as long as possible. Incorrectly relaying information or recalling facts, even if no actual wrongdoing is found, can be incriminating.
Because of the hassle and stress of testifying, the resulting negative publicity, and Iconix’s alleged failure to deliver the promised work, Jay-Z, whose real name is Shawn Corey Carter, is seeking payment. Financial professionals have indicated that collecting this payment — assuming that Jay-Z is found to be in the right — will be something of an uphill battle.
New York City, NY – The lawsuit against JAY-Z over Reasonable Doubt royalties has officially been dismissed. According to court documents obtained by The Blast, both JAY-Z and Raynard “Ray Rae” Herbert agreed to close the case without the option to refile and will each cover their own court costs.
Last year, Herbert sued Hov claiming his royalty checks stopped arriving for the 1996 album that he allegedly helped master. Beginning in 1998, he was paid 1 percent of album sales until the checks stopped coming in 2008. Herbert sued JAY-Z, Roc-A-Fella Records, Roc Nation, Damon “Dame” Dash and Kareem “Biggs” Burke for the outstanding fees, damages and interest.
JAY-Z recently filed his own lawsuit against Iconix Brand Group Inc. for allegedly lying about its earnings. The licensing company entered a brand partnership with Roc Nation in 2013.
Pomona, CA – Pomona is a city roughly 30 miles east of Los Angeles and for many is known for being the location of the annual L.A. County Fair. West Coast Hip Hop aficionados understand the area as the home base for rap legends Suga Free, Cold 187um and Kokane. One Mexican American rapper/producer also making his mark on the city is Young Drummer Boy.
Coming from a musical background (his father was a member of Mexican Rock Band Banda Rubi and grandfather a Mariachi), he left gang life alone once he linked up with popular L.A. rapper King Lil G as an in-house producer for his AK47Boyz crew.
Striking out on his own, Young Drummer Boy had his breakout moment with the release of his 2015 album High Forever featuring the Krypto-assisted “Coke Dealer.” Other projects like Barjud Ave and High Forever 2 would continue that upward momentum earning him over two million YouTube views and millions on the streaming side as well.
Last month, Young Drummer Boy dropped Same Click, which found distribution through EMPIRE Distribution. The album is a total West Coast affair featuring guest appearances from $tupid Young, Azjah and Rucci among others.
Without major radio play, broadcast looks or even coverage, Young Drummer Boy has spent the last decade building his fanbase within his hometown and surrounding areas. Speaking with HipHopDX, the 909 representer explains exactly how he pulled it off, being a rapper of Mexican descent, building peer respect, why he stopped making beats and more.
HipHopDX: Last month you dropped Same Click through EMPIRE Distribution featuring some very young West Coast talent feature wise. What were the goals for the project and building peer respect as you grow solo artist wise?
Young Drummer Boy: I’m really blessed to be doing the moves I’ve been making. Especially with EMPIRE you know? It’s something that’s new to me but has been really good so far. My goal with the project was to cater as much as I could to my fanbase while trying to expand my new fanbase. Trying to reach new fans and stuff like that. I just try to balance it out any way I could.
I think building with peers is very important because I didn’t do that before. I was boxed in. I never ventured out. When I was producing for the cats I was producing for, I was more of an in-house producer. A lot of people didn’t know I was the one producing tracks that were getting millions of streams and views. They didn’t know I was even on the hooks. Now branching out and working with artists like $tupid Young, Azjah, Rucci and many more. I feel like this is a stepping stone for me. Now I’m able to reach these different artists and their fanbase. Like Azjah fucks with me. At first, it was business and after we met and vibed and shit now me and her are cool. Whatever she needs from me she got it. I barely started learning that. I think it’s important for us to come up together. I can see that more than I seen it before. We all have our following and do shows, we’ll be selling out every venue. That’s in the smallest sense. If you look at it like that, it’s something more people should do.
I’m all for it.
HipHopDX: Describe growing up in Pomona and coming from a musical family. Do you remember your first time dabbling in beat-making?
Young Drummer Boy: Growing up here is like growing up anywhere for anybody. It’s all I knew. When I saw the poverty, what my family was into and how I was really living from the outside looking in point of view, I didn’t look at it in a bad way because I was with my friends having fun. I think growing up kind of gave me a different understanding. It made me a harder shell. I was more on guard. More likely to get into conflict because it was what I had been shown. For us, it was an everyday thing. I didn’t know anything else. When the sirens used to be running up, down the street, gunshots at night, bullet holes in the garage and stuff like that, I thought everyone lived like that.
When I was younger, my dad really influenced us to all play instruments. I learned how to play the drums at a very young age around five years old. My brothers were taught bass and another the guitar. One of them was a singer so he tried to influence us as much as he could into music so we wouldn’t lose it. He was like the last generation to bring it over here from his side of the family. If we didn’t do any type of music, it would be dead in our family cause there wouldn’t be anyone to carry it on.
I started dabbling in music here and there; making beats. I was making beats on a karaoke machine. I would do it tape to tape. I would get a little keyboard and would start a little beat off start that off in the tape and then add snares and stuff. That was way before I started using beat machines and all of that.
HipHopDX: Could you explain the turning point in your career and when things got series in regards to progression?
Young Drummer Boy: When my little cousin got 32 years to life. I was already making beats and he would rap about gang shit. I rap about gang shit, but it was neighborhood music. It was music strictly for my neighborhood for my homies to bang. Once he went to prison, that’s when my big brother took control and shifted my mind into making music. Once that happened, he gave me the tools necessary to do it. He gave me my freedom. He let me stay with him and as long as I was focused on music, everything was cool. That’s when I started taking it seriously. Once I knew I was having my son my brother decided to open up a studio and pour a gang of money into it, once we opened this studio.
I think it was about the last two and a half years. We’re talking about a ten year plus career already. I feel very blessed to be able to do that. I don’t have to hustle or doing odd jobs to make money. I guess once I was able to buy my spot, buy my baby momma a brand new car and take care of my son. At the same time, I can take care of my engineers, my beat makers and the people who helped me get to where I’m at. I always have to sit back and look back at what I’ve accomplished. At the same time, I’m always striving for more. This music is a real struggle. At the end of the day, I gotta step back while pushing forward.
HipHopDX:In an interview with Roscrans Vic, you mentioned making the choice of going from rapper/producer to mainly being just a rapper. Where did that decision come from?
Young Drummer Boy: What I haven’t mentioned is that the reason I don’t produce my shit or a lot of it even though I have my hands in it because I noticed that my rhymes and my beats were starting to sound the same. I have a certain beat style. So the beats that I was making for the couple of artists I was working with had a certain vibe that I helped create. As I wanted to change my style and vibe, I had to step back from the beats to expand my mind as a vocalist. Finding different patterns and stuff like that. I was rapping the same on my beats and they would sound the same. The reason why I got different producers and why I’m grateful for that, I hear different styles and am able to go on my own. I can be more creative.
HiphopDX: With the rise of Latin music globally, what are the benefits and struggles of being a Mexican American rapper in Southern California?
Young Drummer Boy: The benefits of being a Mexican artist is that if you real and stay true and you keep it, gangsta, it’s easy to get that Mexican fanbase. The downside of it is that we have to work extra hard to get the outside fanbase. I’m not trying to reach one different genre. It’s always going to be gangsta rap. I know we haven’t reached a certain amount of people because we box ourselves in. I feel like we haven’t reached all the Mexican fanbase though. I’m trying to stay true to my culture and myself and my people without having to segregate myself from artists who aren’t Mexican.
Growing up in Pomona, I wasn’t taught to be racists. We just had gang issues and enemies issues as opposed to L.A. where things can get racial. It was different for me.
HipHopDX: With that said, you not only have the 909 on lock but you frequently perform in areas outside of California as well.
Young Drummer Boy: I got a huge fan base over here and in the surrounding areas which is why I rep 909 so hard for a reason. I’m not just saying Pomona because people already know where I’m from and they see the music videos. People from down here already know. I got homies in Ontario, San Bernardino, Chino, Fontana. I get love from all these areas. I did a show out here in Ontario at a venue that no one heard of and I was one of the first to do a show there. I was expecting like 200 or so people to show up and all on my own 700 people showed up. That was a humbling moment for me.
It’s humbling when you see all these people show up to shows. I’ve been to small ass places too like Chehalis, Washington. Tiny little spot. It was nuts because you can tell they don’t get a lot of artists to show up much. It was a different way of living. Even when you go to Salt Lake City, Utah. They way they live is a little different. They gang culture over there but it ain’t the same way as it is over there. It’s humbling seeing people fuck with your music from places you’ve never even heard about.
HipHopDX: Though Same Click is just a month old, should we expect more music from you in the future?
Young Drummer Boy: I’m working on an EP right now. I like to speak shit into existence and we’re already locking things in. I’m about to hook up with the homie Kap G and Phoenix from Shoreline Mafia. This EP can be coming in the next few months. I want Same Click to keep going for a little bit. That’s the next step for me. Just working with more people and making a foundation for myself. I’m just trying to build my fanbase and touch as many people as I can.
Follow Young Drummer Boy on Instagram @drummer909 for more updates on his album rollout and tour info.
As reported by Page Six, Rapinoe posted a shot on social media to revel at all that’s happened in the last few hours. She posted a tribute to the sport, saying, “Ain’t really trip on the credit, I just paid all my dues/I just respected the game, now my name all in the news/Trippin’ on all my moves, quote me on this, got a lot more to prove,” wrote the soccer star, using the lyrics to “Hussle & Motivate” to tell everybody she’s got way more in the tank.
Kim Kardashian recently announced a name change to her line shapewear after people blasted her for the previous name, Kimono. At first, Kim was adamant on keeping the name but after some consideration, she agreed to switch things up. “When I announced the name my shapewear line, I did so with the best intentions in mind. My brands and products are built with inclusivity and diversity at their core and after careful thought and consideration, I will be launching my Solutionwear brand under a new name,” she said at the time.
Michael Loccisano/Wire /Getty
The mother four has now recently spoken with The Wall Street Journal and the latter came up in conversation, where Kim detailed how her intentions were very “innocent.”
“You would think we would have obviously thought it through a little bit deeper,” she explained. “I’m the first person to say, ‘Okay, course, I can’t believe we didn’t think this.’ I obviously had really innocent intentions. But, let’s listen. And I want to really listen. And I want to really take it all in.”
Kim detailed further how Japan has always been a place inspiration for her and her family. “It’s a place that we love and go to. I have such respect,” she added.
Jordan Brand has been having a significant run in 2019 thanks to a plethora great retro releases, as well as some brand new colorways that have taken sneakerheads by storm. So far this year, there have been quite a few rumors as to what will be in store for 2020 and based on what we know so far, Jordan Brand is looking to dominate the year, once again. Today, we reported on the Air Jordan 4 “Black Cat” and how it will make its return in 2020. Jumpman will be taking the Jordan 4 to new heights next year with a colorway inspired by the Nike Air Max 95.
Instagram sneaker insider @zsneakerheadz posted a photoshop rendering over the weekend what such a colorway would look like. The upper has various shades grey, while the eyelets, Nike Air branding, and even the webbing feature a neon yellow tone. The midsole will be black while the Air Max unit near the back will also boast that signature neon tone.
Based on the post below, it looks as though this sneaker will be coming out on March 21st 2020, so mark your calendars as this will certainly be a big release.
Ariana Grande has without a doubt been through a lot over the last few years. From the very tragic Manchester bombing to the death her ex-boyfriend Mac Miller and the sudden ending her engagement to Pete Davidson, the “No Tears Left To Cry” singer seemingly still has tears left to cry. Ariana was performing in St. Louis this past Saturday as part her Sweetener World Tour and began to break down as she sang “R.E.M.”
The 26-year-old singer has since shared a statement on Twitter, detailing just where she is mentally. “Tour is wild. Life is wild,” she began her statement, further expressing how thankful she is to sing to her fans every night, among other things.
Mike Coppola/Getty s
“I feel everything very intensely and have committed to doing this tour during a time in my life when i’m still processing a lot … so sometimes i cry a lot!” she added. “I thank you for accepting my humanness. i’m not sure what i did to deserve to meet so many loving souls every night / to feel so much love, but i want you to know that it really does carry me through. i feel it and appreciate it. and all you show much.”
Oklahoma City Thunder fans were in for a huge shock on Saturday morning when it was revealed that Paul George had been traded to the Los Angeles Clippers. George went to the Clippers to join Kawhi Leonard who was the most sought after free agent the entire fseason. Without George, the Thunder are left with Russell Westbrook as their only star and the fan base has been freaking out a bit. The Thunder haven’t been able to go very far in the playfs with Westbrook at the helm and now that he has very little help, it’s not looking so good for OKC.
With this in mind, it shouldn’t be too much a surprise that the Thunder are actually looking at trading Westbrook and starting a brand new rebuild. According to Shams Charania The Athletic, the Thunder are now “receptive” to trade calls which involve Westbrook. It’s unknown as to what the asking price is for Westbrook but considering he averages a triple-double, chances are its very high.
There aren’t too many teams out there that have the cap space or the assets to pull f a deal like this, although franchises like the Miami Heat and the Orlando Magic have been thrown around as possible landing spots.
Stay tuned for updates on Westbrook’s situation as we will be sure to bring you the latest information.
An Australian father three succumbed to an infection after he was dared to eat a gecko, News Corp Australia reports. David Dowell checked into Brisbane’s Mater Hospital on the beginning December after he was experiencing serious pain just two days after his friends saw him eat a gecko. The publication details how David was a man who would never back down to a dare but unfortunately, it was his last.
After doctors diagnosed him with what they thought was salmonella, David began throwing up green vile, urinating black was was so bloated he looked as if he could be pregnant from the fluid that filled his lungs and began to leak into his stomach.
“His testicles were swollen up to grapefruits, and there was fluid leaking from them, and the (doctors) said that was normal, it was just all the fluid in his stomach cavity,” David’s mother told the publication. David was put into a coma to try and control the pain but did not wake up. David’s family is now pursuing legal action against the hospital since the doctors didn’t do proper procedures such as giving David a catheter.
“It was like they didn’t really care. The moment he got moved into the intensive care unit, that’s when they got serious,” David’s sister Hannah explained. “I want justice for David … or just answers. You don’t ever think anything like this could ever happen to you and then it does.”
The Bay Area Greaser stammer through his set at Poland’s Open’er festival, like a man with a scope affixed to his noggin. Evidently, G-Eazy has matters to attend to, namely his next full-length album, which by his own admission – will include the rare vocal contribution from Weezy F. Baby. The subject the Weezy collabo, as well as the project it relates to, were broached in an interview with NME, prior to him taking the stage in Poland.
“It’s an album about coming home,” G-Eazy tells the interviewer. “Full circle; it’s an album about completing the journey.” The correspondent then asks G-Eazy to reveal some the guest speakers slated for the unnamed project. But to his credit, G-Eazy doesn’t yield to the request, at the risk spoiling his rollout.
Instead, G-Eazy opts for a subject line geared towards the aforementioned Lil Wayne verse, a prospective feature that was revealed to the public by way Twitter (in April). On the subject the collab – G-Eazy paints a picture mindfulness, a far cry from the distorted vision Lil Wayne’s previous works: the past decade.
As G-Eazy pointed out – the collaboration is centered around “appreciating the present and living in the moment,” both one and the same. Uncoincidentally, Weezy’s Tha Carter V was also rooted in this motion towards self-improvement. Does this anecdotal info add a measure intrigue to G-Eazy’s upcoming plans, hit us with your thoughts?
The Dwight Howard era in Washington has regrettably come to an end, signaling the Wizard’s intention to usher in positivity… for a change. That’s not to say Howard was to fault for anything at all. By all accounts, Dwight Howard acquitted himself as a top-flight pressional during his stay, so let’s refrain from name-calling for just a second.
This is how the transaction breaks down: the Memphis Grizzlies take on Dwight Howard’s contract, with perimeter specialist CJ Miles going the way Washington, D.C. Bear in mind, there’s a kicker – the Grizz have no intention keeping Howard on the books, according to who else but ESPN’s Adrian Wojnarowski. Based on his calculations, by dispatching Miles and nullifying Dwight Howards’s contract, the Grizzlies will save $3.1 million they can then put towards a mid-level player in free agency.
For Washington, the transaction gives them the cap space to recruit a much-needed wing player to the fold. If you don’t trust the experts in their calculations, here’s a breakdown what both players were due in 2019-2020: Howard is owed $5.6 million next season, while Miles is owed just south $8.7 million.
The NBA pundits stopped short revealing what options if any, Dwight Howard has going forward/for him. As Wizards’ fans enter this new dawn without Dwight, why not take one last look at Dwight Howard’s incredulous outlook upon being hired by the Wizards’ organization (below).
You can blame NBA punditry all you want, but Lakers’ fans will never just how close they were landing Kawhi Leonard in free agency. For all they know, LeBron’s courtship may have been a simple courtesy, on the part Kawhi’s acquiescence. There’s a strong possibility that had the Clippers not clinched a deal for Paul George another max-level talent, Leonard may have re-signed in Toronto. Admittedly, what is done is done.
Don’t tell that to a Lakers’ fans on social media, who upon learning their team’s “frontrunner” status, built up their expectations landing Kawhi to an unsustainable level, while gluing themselves to Woj’s Twitter feed for updates, as did the Raptors’ loyalist – already somewhat resigned to their fate losing Leonard. With Kawhi choosing the Clippers, the anticipation quickly reared its ugly head, into a rhetorical gong show.
Understandably, it’s the Lakers’ mindset to impose their will on Clippers’ franchise, and under no circumstances is their subordinate stepchild to outbid them on a free agent, much less a generational talent like Kawhi Leonard. Below is just the beginning what is likely to be a weeklong grievance period for the purple and gold. Cheer up, you’ve signed Danny Green and JaVale McGee on two-year deals!
The Dreamville compilation Revenge of the Dreamers III arrived last night featuring appearances from J. Cole, Kendrick Lamar, T.I., DaBaby, Ty Dolla $ign, and more. On the album closer “Sacrifices,” which also features EarthGang, Smino, and Saba, the Dreamville boss makes a big revelation that he’s expecting a second child with wife Melissa Heholt.
“She gave me the gift of my son, and plus we got one on the way,” Cole raps on the track ( HipHop-N-More). “She gave me a family to love, for that, I can never repay / I’m crying while writing these words, the tears, they feel good on my face.”
This would be the second child for Cole and his wife. The private couple also has a son, which Cole rapped about on “She’s Mine, Pt. 1” and “She’s Mine, Pt. 2” off 4 Your Eyez Only. Fans originally thought he had a daughter until a 2018 interview with Angie Martinez.
“But I feel like I’ve created a life where my purpose is too much placed in music,” he said. “When I’m home and I come home, outside of like playing with my son, if I go three days without doing music, making a beat, writing a song…I start to feel like, miserable.”
Cole and Heholt met while both were attending St. John’s University in Queens, New York, and have been together for more than a decade. Heholt is an event planner and the executive director of Cole’s Dreamville Foundation.
Remember Jimmie Walker from Good Times? His signature catchphrase “Dy-no-mite” became a cultural phenomenon and even today, generations fans enjoy mimicking the 1970s character. Since his time as a cast member on one America’s favorite sitcoms, Walker has caused a stir over his political views. There were rumors that he was dating controversial far-right commentator Ann Coulter, but the two have maintained that they’re only friends. The Trump-supporting actor has ten received flack for his conservative views, but that hasn’t kept him from being vocal.
TMZ Sports recently caught up with Walker as he was at an airport waiting on his luggage and the icon was asked about his opinion on rich and famous sports stars. “If I was there, I would be out shooting right now,” Walker said about making millions in the NBA. “I would be practicing now. If I was] five-years-old, I would be shooting right now, practicing. Forget about school, forget about that stuff, forget about acting…start shooting and] getting your jump shot in.” Walker went on to say that he once had basketball star dreams but he just wasn’t that good.
The actor also noted that NBA stars are bringing home tens, possibly even hundreds, millions dollar, but they seem to be unhappy and are always complaining. “They don’t understand what it’s like to be in real life,” he said. “Real life is getting your own bags f the luggage] carousel. No charters, no limos waiting for you.”
Kevin Winter/Getty s
He continued, “I don’t think they should get political. First all, I don’t think that when you’re making $150 million a year, people don’t want to hear your political views. You have no political views at all. They’ll get angry at me for saying that but they should have no political views. They should be very happy to say, ‘I’m doing good. Donate to charity, basketball charity benefits’ or whatever, but don’t put people down. Just say, ‘I’m very fortunate to be here. I’m lucky and I’m very happy.'”
Walker believes that players that give their political opinions are fended the Average Joes who are out there working overtime just to make ends meet. The cameraman asked Walker to give his thoughts on the Colin Kaepernick-Nike Betsy Ross Flag sneakers controversy and he replied, “I’ve never seen a slave pull up to an arena in a 2020 Mercedes Benz.”
The Human Rights Foundation is calling on Nicki Minaj to cancel an upcoming performance at the Jeddah World Fest.
The festival takes place in Saudi Arabia later this month.
The HRF sent Minaj an open letter describing what it calls a “human rights crisis” in Saudi Arabia. Minaj is slated as one of the headliners for the festival along with Liam Payne, Steve Aoki, R3 Wire & Varski.
The event will take place on July 18th.
The open letter implores Minaj and other performers to think about what performing in the country will mean.
“If you move forward with this performance for a festival sponsored by the Crown Prince, you will be in league with the people who respond to freedom of expression and thought with murder.”
Lawyers for Minaj have not directly responded to requests for comment.
The HRF’s open letter criticizes Crown Prince Mohammed bin Salman. The Crown Prince is financing the event and authorized Minaj’s performance, probably with a big fat check.
HRF also draws a stark contrast to Minaj’s support of the LGBTQ community .
“You recently celebrated Pride Week to stand in solidarity with the LGBTQ community. Yet, if you move forward with this performance, you will be condoning, and serving the public relations needs, of a government that executes homosexuals for the ‘crime’ of being who they are.”
The HRF says the performance would be disastrous for a public figure of Minaj’s standing.
It will be interesting to see how she responds to the pressure. Several high-profile singers and performers have faced public scrutiny over performing in Saudi Arabia. , Enrique Iglesias, OneRepublic, and are just a few names who have performed in the Kingdom.
The Human Rights Foundation has been leading the charge on each of these call-outs, though they seem to be falling on deaf ears.