Jay-Z’s Roc Nation Buys Online Music Company

April 9, 2011  |  

(Hip Hop Galaxy) — Jay-Z continues to expand his $450 million empire with the announcement his Roc Nation, http://www.rocnation.com, will acquire German-American netlabel Block Starz Music LLC, http://www.blockstarmusic.com, in a move that has taken industry insiders by surprise.  Mr. Carter, who sold his Rocawear clothing label for $204 million in 2007, signed 10-year $150 million Live Nation deal in 2008 and holds stakes in the New Jersey Nets, 40/40 Club chain, ad firm Translation and various other businesses, reportedly won a bidding war between Universal and Jive Records for the fledgling Block Starz imprint.

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