Custody Battle Over Michael Jackson's Children Settled

There has been an agreement that has been reached regarding Michael Jackson's children that they will live with their grandmother, Katherine Jackson, and the mother of the two oldest children, Debbie Rowe, will have visitation rights. Rowe wants to have a psychologist visit the children to help them adjust to her being in their lives. Rowe doesn't have any parental rights to the youngest of the three children and will not receive any money with the deal. She previously had wanted full custody of the two children.

Singer Chris Brown Pleads Guilty

The singer Chris Brown has pleaded guilty to one count of felony assault against his ex-girlfriend Rihanna. The judge issued a stay-away order that requires Brown to stay at least 50 yards away from Rihanna, except when it comes to industry events. At industry events he must stay at least 10 yards away from her. Rihanna must also keep the same distances away from him. The plea deal includes five years of supervised probation and six months of community labor.

Singer Chris Brown Pleads Not Guilty

On Monday, the singer Chris Brown pleaded not guilty to threatening and physically assaulting his girlfriend, singer Rihanna. Rihanna's lawyer was hoping that a plea deal could be made before the case went to trial and has stated that Rihanna would testify if it is required. If Brown is convicted, he could be sentenced to probation or as much as five years in prison. In March, he was charged by Los Angeles County prosecuters with felony assault likely to cause great bodyily injury and making criminal threats.

NBA Star Dennis Rodman Pleads No Contest to Spousal Battery

The former NBA basketball player Dennis Rodman has decided to plead no contest to a misdemeanor charge of spousal battery in a Superior Court appearance on Tuesday. There were two other counts that were dismissed under a plea deal. He was arrested at a Los Angeles hotel in April after a woman, named Gina Peterson, stated that he struck her during an altercation.

Rodman was sentenced to 45 days of road cleanup work, a year of domestic violence counseling, and three years on probation. He was also warned not to intimidate or use physical force against Peterson.

Jay-Z Close to Huge Business Deal

Jay-Z is close to a $150 million deal with Live Nation Inc. that will give the company a stake in almost every part of his career. The contract covers Jay-Z’s music and music related businesses for the next 10 years. Jay-Z would get a $25 million payment upfront and get advance payments of $10 million per album for at least three albums and he would get $25 million towards concert tours. Live Nation would also pay $20 million in exchange for publishing, licensing, and other rights.

The company is also expected to commit $50 million to finance Jay-Z’s investments and his entertainment venture, called Roc Nation, which is suppose to include Jay-Z’s own record label, music publishing, talent consulting, and managing projects. He plans to leave Def Jam if the deal goes through but he still owes Def Jam one more studio album. He was the president of Def Jam for three years but stepped down this past December because he and the label’s corporate parent, Universal Music Group, could not agree on a new contract.

50 Cent Was Bankrupt before the Vitamin Water Deal

It is reported that hip hop artist 50 Cent had serious financial problems earlier this year. He was spending millions of dollars on his Connecticut mansion, on members of his entourage, and personal security. 50 Cent was broke with a lot of assets and very little cash. His accountants even suggested that he sell some of his assets.

He put up his Connecticut mansion for sale and sold some of his luxury cars. He was even thinking of selling his interest in G-Unit Records. Luckily he didn’t have to sell anything because Coca Cola announced a $4.1B cash offer for Vitamin Water, which is an "enhanced water" company which 50 Cent owned a minority stake. He gained about $40 million dollars from the deal.

Since then, 50 Cent has taken his mansion and almost all of his luxury cars off the market. Only his silver Lamborghini is still up for sale.