The rapper who burst onto the music scene in 2003 with his debut album, “Get Rich or Die Tryin,” filed for Chapter 11 reorganization in 2015, citing debts of $36 million and assets of less than $20 million. Nevins approved a plan in July calling for 50 Cent, whose real name is Curtis Jackson III, to pay back about $23 million.
Category: Rap
Sprint to Buy 33% of Jay Z’s Tidal Music Service
Sprint will buy one-third of Tidal, the streaming-music service run by rap mogul Jay Z, the latest content deal secured by a network provider. The companies said Monday the deal will give Sprint’s 45 million customers access to the Tidal streaming service as well as exclusive content.
With S&P 500, Nasdaq Down, Dow Struggles for Gains
Stocks moved mostly lower on the final day of trading of 2016, but all three indices are poised to close 2016 with gains. Despite stocks moving mostly lower on the last day of the year, the Dow is expected to post a double-digit annual increase, its best in three years.
Run-DMC in $50m trademark battle
A member of pioneering rap group Run-DMC has filed a $50m lawsuit accusing retailers of unlawfully using the group’s name on items of clothing. Darryl “DMC” McDaniels said that products sold by Amazon, Walmart and other stores violated federal trademark and New York competition laws.