Tag-Archive for » Jay-Z «
Jay-Z and U2 are coming together for the first big gig under Live Nation Austrialia. The rapper, a very busy man lately, is going to appear as a special guest on state during U2’s 360 Tour in Austrailia.
The five-city tour will be the first concert promoted by the new Live Nation Australia. The outing will begin in Auckland’s Mount Smart Stadium on November 25 and make its way to amphitheatres across the country, stopping in Melbourne, Brisbane and Sydney. It will conclude at Perth’s Subiaco Oval on December 18.
This isn’t the first time the two nearly opposites have joined forces. Earlier this year, both acts, as well as Rihanna, performed their benefit song “Stranded (Haiti Mon Amour)” as part of the “Hope for Haiti Now” telethon.
In addition to their charity song, Jay-Z and U2 also proved to be music heavyweights when they made the top 10 on Forbes magazine’s list of the world’s top-earning musicians.
Jay-Z is suing investment firm Highland Capital Management LP in a dispute over loan guarantees for a failed hotel deal, repots Bloomberg.
The rapper, born Shawn Carter, claims Highland and co-defendant NexBank SSB are attempting to “bleed” from him funds in excess of those he and two other men pledged to pay when they guaranteed the non-principal obligations of a company planning to build a hotel in Manhattan’s west side neighborhood of Chelsea.
Highland and NexBank acted in bad faith when they declined to clear Carter and his fellow guarantors of their obligations after receiving a deed in lieu of foreclosure on the property, according to the complaint, which was filed Thursday in federal court in New York.
The rap star is seeking a declaratory judgment that he has met those obligations. He’s also seeking damages of more than $3.7 million for the additional interest and other costs incurred while still being held liable under the agreements.
Nina Devlin, a Highland spokeswoman, said “Highland Capital Management believes the claims asserted by Mr. Carter are meritless and will vigorously defend itself and intends to pursue the obligations owed to Highland’s investors.”
