Is Jay-Z Looking To Purchase A Portion Of The Weinstein Company?

October 14, 2017  |  

jay-z looking to buy stake in TWC

WENN

If you’re anything like me, you probably weren’t familiar with anything regarding Harvey Weinstein and his prominent status in Hollywood until he made multiple appearances with rapper Jay-Z promoting The Kalief Browder Story. The two share an executive producer credit for the documentary and the 4:44 rapper also had a miniseries slated for production with The Weinstein Company.

When multiple women stepped forward recently to share their unsettling claims that Weinstein has a history of sexual misconduct and assault in Hollywood, he was promptly fired by the board of his own company. And according to TMZ, his former co-executive producer is looking to step up to purchase the stake he left behind in the company.

TMZ reports that according to sources, Jay, along with several other investors including a famous movie producer and a billionaire, are looking into purchasing Weinstein’s 23% interest in the company. The sources state that despite the unfortunate circumstances, the Roc Nation founder wants his relationship with the company to grow, and with Harvey out, he may be considering taking on a substantial equity stake in the company.

Only time will tell if Hov is actually taking on yet another business venture, but it wouldn’t be out of question for the hip-hop legend who still manages to balance handling business in the boardroom as well as on stage. The rapper who recently appeared on SNL and is rumored to have turned down an invitation to perform at the next Superbowl, already has investments in champagne, a sports agency and the TIDAL music streaming service so he’s not exactly hurting for opportunities to build wealth.

Meanwhile, multiple sources report The Weinstein Company is exploring everything from selling the company in pieces or as a whole to a complete name change and rebranding. For all we know, Jay-Z may ultimately decide he wants no part of the mess that seems to be unfolding.

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