Tuesday - March 6, 2007 by Jolene "foxxylady" Petipas
Jay-Z - Press Conference

Jay-Z has reportedly sold his Rocawear clothing line to the Iconix Brand Group Inc for $204 million in cash.

According to Reuters, Iconix, the owner of brands such as Joe Boxer and Candie's, chose to acquire Rocawear to diversify its portfolio of brands and raise its 2007 earnings outlook. The company expects Rocawear to generate about $43 million in royalty revenue in the first 12 months under its fold.

As part of their agreement, Jay-Z (born Sean Carter), will continue to be chief creative officer of Rocawear and will also retain his stake in the operating company. Hov's partners, Alex Bize and Norton Cher, will continue to run the company and enter into a long-term license agreement with Iconix.

Also as part of the deal, Iconix will also enter into a separate joint venture with the Brooklyn bred rapper to establish a new brand management and licensing company to identify brands to be acquired or developed

Rocawear made headlines last year when the clothing line was accused of using dog fur on one of its jackets. The brand is also facing a trademark and copyright infringement suit filed by former WWE superstar Diamond Dallas Page.

Page claims Jay-Z illegally adopted his trademark hand gesture, the "Diamond Cutter," and sold Rocawear merchandise displaying the hand symbol.

(Source)

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I just heard about this,and I'm trying to understand why someone would be shooting at a Pretty Ricky concert. That's just odd to me. Pretty Ricky concerts mainly have a bunch of screaming little girls,so why was there shooting. This just shows how crazy of a world we live in,today.

(Source)

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I've been hearing that Tiny had a miscarriage, this week and is recovering in a hospital in Atlanta. She was five months pregnant, and I just want to know if this is true what went on. She only had four more months left until the baby was due.

heard it first on sohh atlanta

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I heard that Nitti will not be working with Yung Joc in the future. I wonder what went wrong, we'll have to stay tuned to find out

According to Sohh News,

"One person who definitely will not be on the album is Yung Joc. While the two enjoyed mutual success from their collaboration on "It's Goin Down," Nitti credits industry politics as the reason that the two won't be linking up anytime soon."

According to Nitti,

"I have no plans to work with Yung Joc anymore whatsoever," he laments. "He do what he do and I do what I do. When you deal with people who call themselves CEO's and they put the business between the artist and the producer, it messes up the chemistry. When a record makes a lot of money, people who don't even have nothing to do with the record get to playing tug of war. It's one of those situations where it gets sticky. It wasn't my intention to have it go down like that because I broke the dude, but it goes down like that sometimes. That's the game."


Seem like Bad Boy had something to do with this, don't it must of been Diddy.

Read the full Story Here

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I just found out that DG Yola got shot in the face on friday night,when someone tried to rob him. It's crazy how people just be trying to pull some straight bull shit still nowadays. Stop trying to rob people and get yourself some money. My prayers go out to Yola and I hope his makes on quick recovery,cause I know he ain't gon let up.




Read more about this story

SEND YOLA A GET WELL MESSAGE ON HIS MYSPACE

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Pretty Ricky clears up the rumors about them breaking up with Sohh News.

According to Baby Blue,

"First of all, let's clear up all the rumors. No, your boys ain't gon' break up. It ain't gon happen," Baby Blue told SOHH. "All y'all record labels out there trying to put your new groups out, stop lying on Pretty Ricky, baby, 'cause we the number one group in the country, got the number one album in the country, Late Night Special. The ladies love Pretty Ricky."


I guess they're not going anywhere so deal with it.

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