Business

British songstress Adele has been announced as number one on the young musicians rich list, with a fortune worth £30 million. Women have dominated the charts this year beating out the boys with only two male artists on the list this year. [...]

Eleven years after featuring in Mass Appeal magazine with mentor and Main Source veteran Large Professor, Nas has made a six-figure investment in Mass Appeal Media, the company behind the publication, which was recently re-launched as a quarterly magazine and online hub. [...]

Ever the business man Jay Z doesn’t back down when it comes to making money – now Mr Carter has launched Roc Nation Sports with the talent agency Creative Artist Agency, the first signee stepping up to the bat being Yankees player Robinson Cano. [...]

At the launch of the Blackberry’s long-awaited new OS and handsets the company announced the appointment of Alicia Keys as their Global Creative Director. The announcement was made at the launch event for BlackBerry 10, the latest mobile operating system released by the telecommunications company previously known as Research in Motion, and saw the award-winning [...]

To cash in on Beyonce‘s status as a global superstar, Pepsi have named the pop icon as their new brand ambassador in a collaborative, multi-year deal estimated at $50 million. [...]

With his fifth studio album Jesus Piece out on December 11th, Game has decided to begin a new business venture, launching a record label with fellow Dr Dre disciple Stat Quo. [...]

Sony Music Entertainment is expected to name Salaam Remi as its new executive vice-president of A&R (artists and repertoire).  [...]

The founders of the polarising rap lyrics website Rap Genius were guests on this week’s Combat Jack radio show, with producer extraordinaire Just Blaze and the opinionated blogger Dallas Penn. The crew (Mahbod Moghadam, Tom Lehman, Ilan Zechory) recently received a staggering $15m investment from Californian venture capitalists Andreessen Horowitz and whilst their vision is exciting, Rap Genius’ [...]

With a new series of Star Wars films to come the creators of the iconic global franchise, George Lucas‘ company Lucasfilm Ltd is to be acquired by The Walt Disney Company in a $4.05bn (£2.52bn) deal, announced today (October 30). [...]

Music site LiveUniverse.com has been struck with a $6.6m lawsuit for posting song lyrics without proper authorisation. The website, founded by MySpace co-founder Brad Greenspan, was taken down in 2010, and has been embroiled in a lengthy legal case ever since. The case, captioned Peermusic,III, LTD.,et al v LiveUniverse,Inc. and Brad Greenspan, has pitted a group [...]