Tag Archives: deal

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Rihanna Signs Beauty Deal With MAC Cosmetics To Launch RiRi Hearts Makeup | Article

Rihanna has partnered with Mac Cosmetics as not just a “collaborator” but a “creative partner” as she inks a deal for her new campaign, RiRi [Hearts] MAC collections, which will land in stores this year. The first product, her signature lipstick, will launch May 4 to coincide with her Diamonds Tour concerts at the Barclays Center, where MAC will also open a pop-up shop. A summer collection will be sold online, while the fall collection will land in stores, and the holiday collection will, naturally, also be sold in stores. Take a look at some of the pieces after the jump. Continue reading

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Floyd Mayweather Inks New Deal With Showtime/CBS, Labeled “Biggest In The Sport of Boxing” | Article

Floyd “Money” Mayweather Jr. has inked a deal a new deal that could make him the highest-paid athlete in all of sports this year.

The undefeated, eight-time world champion has teamed with Showtime PPV and CBS Corporation, to promote Floyd Mayweather’s fights on the CBS Television Network and its respective platforms.

According to reps for Showtime and CBS, the companies have struck a unique revenue-sharing deal with Floyd Mayweather, which will allow him to fight six times, over the next 30 months.

Mayweather averages over 1 million pay-per-view buys per event, the most of any boxer in history.

While terms of the deal were not disclosed due to confidentiality agreements, all parties involved said that it was highly lucrative for Floyd Mayweather Jr.

“At this record-setting PPV performance level, if all six fights contemplated by this deal occur, it will be the richest individual athlete deal in all of sports,” a rep for Showtime PPV said in a statement.

The first fight to take place under the new deal will happen on May 4, 2013, when Floyd Mayweather Jr. takes one Robert “The Ghost” Guerrero.
via. http://www.allhiphop.com

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Chief Keef Interscope Record Deal Reported to Be 6 Mill

Chief Keef

Now I see why Chief Keef has been screaming he’s “Finally Rich.” Details of his record deal with Interscope were made public in a Cook County chancery because it is required by law for a judge to approve the deal for the rapper to finalize agreements with Interscope because he is a minor.

Apparently, Sosa signed a three-album deal with Interscope that is worth $6 million dollars. Interscope agreed to pay Chief Keef a $440,000 advance, half of that upfront and the other half after the judge signs off on the deal, that will be deposited in a court-administered trust fund on his behalf. The trust fund is controlled by Chief Keef’s grandmother and he will not be able to withdrawal any of that money until he is 18.

With Chief Keef’s debut album,Finally Rich, released and selling about 50,000 units its first week, he has till December 2013 to sell about 250,000 copies. If he doesn’t, acccording to the deal, Interscope has the right to not go further with the release of his next two albums and a compilation of hits.

Along with signing with Interscope, he also signed a deal for his label, Glory Boyz Entertainment, and received another $440,000 advance. Both Keef and his manager Rovan Manuel each receive $180,000 and own 40 percent of the label. Interscope must also pay GBE $200,000 for “overhead expenses,” and will split profits equally with the imprint. via RapBreak(http://www.rapbreak.com/chief-keefs-deal-w-interscope-is-revealed-to-be-worth-6-million/)