Jay-Z may soon have a new multi-million endorsement deal. It has been reported that Jay-Z will soon sign a $20 million deal with Samsung Mobile.
Jay-Z continues to diversify his portfolio by being close to closing a deal with Samsung that would net him nearly $20 million. We guess what the NFL is trying to do to him has not stopped him from pursuing other ventures.
After leaving NBA ownership to pursue the lucrative career in sports agency, he is now adding a huge contract with Samsung Mobile.Â According to Page Six, â€œthe contract is said to be worth as much as $20 million.â€Â
Early reports, that are only speculation at this time think that he would look to enter the music-streaming game, that would rival Dr. Dre and Jimmy Iovineâ€™s Daisy subscription service which is dropping soon, â€œYou can speculate that heâ€™l l want to develop some kind of new music-streaming service to promote his acts and music on mobile devices.â€
Although the eight figures is a nice incentive, it seems that the Brooklynite is using the opportunity to expand the reach of his brand as he continues to sign more artists.