Showing posts with label payments. Show all posts
Showing posts with label payments. Show all posts

Friday, August 14, 2009

Arrest Warrant Issued for Singer Bobby Brown

An arrest warrant has been issued to the singer Bobby Brown after he didn't show up to a court appearance to address his failure to pay child support payments. He owes more than $45,000 in child support payments for two of his teenage children that he has with his ex-girlfriend Kim Ward. Brown is suppose to pay $5,000 each month for the children. In 2007, he spent four days in jail for missed child support payments.

Friday, February 27, 2009

Hip Hop Mogul Russell Simmons Agrees to Pay Child Support

The hip hop mogul Russell Simmons has agreed to pay $40,000 each month in child support payments to his ex-wife Kimora Lee Simmons. Kimora Lee Simmons was granted sole custody of their two daughters, named Ming who is 9 years old and Aoki who is 6 years old. Their divorce was finalized in January after Kimora Lee Simmons filed for divorce in March of 2008 due to irreconcilable differences. Russell Simmons was granted visitation rights and has to pay child support until each child is 19 and a half years old.

Wednesday, October 8, 2008

Rapper Lil Kim Sued by Recording Company

The rapper Lil Kim is being sued by a recording company called Brookland Media for $2.5 million. The company states that she hasn’t delivered all of the recordings that their contract requires and they have already spend hundreds of thousands of dollars on recordings, equipment, and advanced payments after contracting the rapper this year. Court papers state that Lil Kim tried to change the contract and refused to continue recording unless the company agreed. Brookland Media wants the court to declare the contract as valid and wants to bar her from recording for another company.

Wednesday, September 24, 2008

Rapper T.I. Ordered to Increase Child Support Payments

On Tuesday, a judge ordered the rapper T.I. to pay more child support to the mother of two of his children. She had recently claimed that the $2,000 she was receiving each month wasn’t enough. T.I. has been ordered to pay a little over $3,000 a month to the woman named LaShon Dixon. The rapper must also continue to pay for the boys to attend private school, uninsured medical bills, and expenses related to the children’s extracurricular activities. He was also awarded joint custody of the two boys and Dixon was granted primary physical custody. The boys had previously spent 40 percent of their time with their father.

Friday, April 4, 2008

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.