Word: cent
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...victory was Pyrrhic. Interscope flourished, launching artists like 50 Cent and Eminem and distributing the posthumous recordings of Shakur. And the genre exploded across the planet, with rappers emerging everywhere from Capetown to the banlieues of Paris. In the U.S. alone, sales reached $1.8 billion...
During the past decade, record labels have outsourced the business of kingmaking to other artists. Established stars Dr. Dre and Eminem brought 50 Cent to Interscope. Jay-Z founded his own label, cut a distribution deal and began developing his own roster. But most established artists do little development. That leaves the possibility that hip-hop is following the same path that soul and R&B traveled when they descended into disco, which died quickly...
Chris Lighty, CEO of Violator Entertainment, whose clients include 50 Cent and Busta Rhymes, is looking at ways that record companies can work with artists in one area where rappers have been innovative: endorsement and branding. Whether it's 50 Cent owning a stake in Vitamin Water or Jay-Z doing a commercial for HP, most of these deals have been brokered by the artists' own camp. But Lighty sees in hip-hop a chance for record labels to generate more sponsorship and endorsements. "Record companies are going to have to make even better records and participate in brand extension...
...congratulations were passed around by lawmakers a few weeks ago when the federal hourly minimum wage was increased to $5.85, a 70 cent uptick. But wages are just part of the problem for workers in bottom-rung jobs. Health hazards, lack of insurance and labor law violations are among the on-the-job inequities faced by these workers, according to industry experts interviewed by TIME, as well as a new report from the Brennan Center for Justice at New York University School of Law. "This is incredibly important because we're talking about people who, for whatever reason, have been...
...shaping up to be a bad couple of weeks for the tobacco lobby. First, a Senate panel approved a 61-cent hike in federal taxes on all packs of smokes, and next week a second committee is expected take up legislation to have tobacco regulated by the Food and Drug Administration...