glenn gamboa: stuff&nonsense

Remember a few months ago when there were rumors about Jay-Z looking for a $100 million contract to start a new label, and many in the music industry snickered at the possibility of anyone paying that?

So-called “experts” were talking about how Jay, 38, was too old to command such a price, pointing out how his recent “American Gangster” album only went platinum, despite being critically acclaimed. They crowed that the days of the massive music contracts were over, because struggling music sales mean that artists can’t command those prices any more. They jeered that such demands from Jay were 10 years too late, both for him and the industry.

Well, who’s laughing now, chumps?

[Also ran in Ottawa Citizen, Chattanooga Times Free Press]