Friday, March 21, 2008
According to the New York Post, the music mogul is asking "way too much" for the imprint, an insider told Page 6. "He wants a label to give him $100 million for the Carter Music Group and provide for overhead, development and digital investment. It's crazy. He wants the labels to basically be his venture capital fund - but unlike a venture cap, they won't get 50 percent. This is not the '90s anymore."
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