News: Jay-Z On The Verge Of Inking $20 Mil Deal W/ Tech Giant

Tuesday, Jun 4, 2013 11:05AM

Written by Cyrus Langhorne

Rap mogul Jay-Z is reportedly on the verge of expanding his already massive portfolio by teaming up with tech giant Samsung Mobile on a deal believed to be worth up to $20 million.

While the details are still scarce, the new partnership is expected to be completed sooner than later.

Jay-Z is about to ink a hugely lucrative deal with Samsung Mobile, sources tell Page Six. The contract is said to be worth as much as $20 million. One source said, "The eight-figure deal will be inked in the next few weeks, and is the biggest of its kind. You can speculate that he'll want to develop some kind of new music-streaming service to promote his acts and music on mobile devices." (New York Post)

No stranger to big business and new technology, Jay partnered with Duracell last summer.

Jay-Z is linking up with Duracell and Powermat to act as a spokesperson for "Wireless Power Nation," a phone charging system that will be installed on tables and bars in coffeeshops, restaurants, clubs, gyms, and public venues across the country. Currently, Jay-Z has the service available in his 40/40 Club in New York City. The revolutionary technology allows patrons to charge their phones by simply placing their cell phone or wireless device on the table. Duracell and GM have already used the technology on the Chevy Volt as well, so it is likely that consumers will see this technology in more and more cars in the near future as the technology becomes less expensive and demand increases for the convenience. (STL American)

One of Jay's most publicized 2012 moves centered on him taking an executive producer role in last year's NBA 2K13 video game.

Rapper and Brooklyn Nets part-owner Jay-Z is set to executive produce NBA 2K13, the 13th installment in 2K Sport's popular basketball game series. The news was revealed via his Life + Times website in a trailer featuring his song "Public Service Announcement" from "The Black Album." The 24-second viral video is narrated by Michael Jordan and also showcases the cover baring Jay-Z's name in the top right corner. NBA 2K13 is currently available for pre-order and is set to hit shelves on October 2. While it's unclear the type of music Jay-Z has in mind for the soundtrack, in the past, both indie rock and hip-hop music have been featured. (Billboard)

In early April, Young Hov officially launched his Roc Nation Sports agency.

Robinson Cano will be co-represented by CAA, a leading sports and entertainment agency, and Roc Nation Sports, a branch of a company founded by Jay-Z. Jay-Z announced the launch of Roc Nation Sports as a full-service sports management company on Tuesday. "Because of my love of sports, it was a natural progression to form a company where we can help top athletes in various sports the same way we have been helping artists in the music industry for years," Jay-Z said. (Fox Sports)

Need to boost up your music playlist? Check out SOHH's 5 Reasons Why You Should Download the new Wonderland of Misery by the late Big Pun's son.

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