Jay-Z pulled in $63 million over the past 12 months, earning him his second straight hip-hop cash crown. His income level places him in the 35% tax bracket, which means he’ll pay Uncle Sam about $22 million this year–a sum greater than the total earnings of any other rap star besides second-ranked Diddy. 1. Jay-Z [...]

The announcement comes two weeks after rumors surfaced about Scrappy’s departure from Lil’ Jon’s BME Recordings and Warner Brothers Records. As one of the headliners of the “No1 in the South Got Swagga Like Us” concert, which took place at Atlanta’s Phillips Arena Sunday evening, Luda made the news official to a crowd which had [...]

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Ludacris, the self-proclaimed “mouth of the south,” made nice with former presidential hopeful John McCain over this past weekend, after making some disparaging remarks about the Republican Arizona senator on record last year. The rapper/actor reportedly apologized to McCain and his wife Cindy during last Sunday’s NBA All-Star Game according to E! Online. Luda made [...]

Record labels are approaching another financially weak year, as a minimum of 200 million albums in the last quarter is now required in order to break even with last year’s low total. According to Variety, the music industry officially closed out with a total of 297.9 million albums sold for the third quarter making it [...]