The Source Magazine and its affiliate Source Entertainment Inc. have reportedly filed for Chapter 11 bankruptcy. According to the Associated Press, the aforementioned parties filed for bankruptcy on April 27th, 2007 in the U.S. Bankruptcy Court in Manhattan claiming that dishonest business practices by former management has caused the magazine's advertisers to flee. Jeremy Miller, president and chief executive of Source Entertainment, said the company is struggling to recover from a cloud of negative publicity brought by former managers that misused company funds several years ago. Both Dave Mays and longtime president/rapper Raymond 'Benzino' Scott were fired after the magazine lost advertisers and newsstand sales. Former editor-in-chief Kim Osorio also successfully filed suit against The Source for sexual harassment and in November 2006 a judge would award her $8 million. This is not the first time The Source declared bankruptcy. Last July three creditors filed an involuntary Chapter 7 bankruptcy petition for Source Enterprises Inc. claiming the company owed them $562,693. Source Enterprises' bankruptcy was converted to Chapter 11 in September. One has to imagine it's only a matter of time before the magazine could disappear from newsstands completely. For more information on this developing story visit Yahoo! News, who we'd like to thank for their assistance with this article.
This just in from www.str8hiphop.com - Jim Jones apparently told Miss Info from New York's Hot 97 radio station that he and the rest of the Diplomats crew, or the Dipset 300 as he put it are collectively "putting Cam'Ron on punishment." Jones says they are ex-communicating Cam'Ron from the crew in part due to this past week's incident in which Tru Life allegedly punched Cam'Ron outside of Club Stereo with no repercussions. Cam's camp has nonetheless denied this happened. Jim says that he blames Cam's manager Big Joe, who was with Cam at the time. And he even insinuated that Big Joe set up Cam. RapReviews.com will bring you more as the story develops.
Busta Rhymes was arrested on a drunken driving charge early this morning (May 3) in New York, police said, marking the latest in a series of recent legal troubles for the rapper.
Officers stopped Rhymes at about 12:40 a.m. because the sport utility vehicle he was driving had overly tinted windows, Sgt. Mike Wysokowski said. He said officers then smelled alcohol on the rapper's breath.
Rhymes, 34, was taken into custody on a charge of driving while impaired, Wysokowski said. An arraignment was expected later today. A lawyer for Rhymes, Scott Leemon, declined to comment, saying he would address the charges in court.
Rhymes, whose real name is Trevor Smith, has had several law enforcement run-ins since last year. He is tentatively scheduled to go to trial Tuesday on two assault charges.
Sometimes I look at the landscape of the music industry and can’t help but scratch my head and wonder why certain people haven’t made it. Some artists seem to have everything going for them but for one reason or another it just doesn’t happen for them. The list of artists that fall under this heading goes on for quite a while, but today I want to focus on three women in particular, three very fine women in particular, who I cannot for the life of me fathom why they aren’t bigger than their current standing in the industry; Claudette Ortiz, Christina Milian and Charli Baltimore.
"The Hip Hop Project" is the compelling story of Kazi, a formerly homeless teenager who inspired a group of New York City teens to transform their life stories into powerful works of art, using hip hop as a vehicle for self-development and personal discovery.
Kazi challenges these young people to write music about real issues affecting their lives as they strive to overcome daunting obstacles to produce a collaborative album. Russell Simmons, hip hop mogul and long-time supporter of the project, partners with Bruce Willis to donate a recording studio to the Hip Hop Project. After four years of collaboration, the group produces a powerful and thought-provoking CD filled with moving personal narratives and sharp social commentary. In contrast to all of the negative attention focused on hip hop and rap music, this is a story of hope, healing and the realization of dreams. Inspired by Kazi's work, 100% of the net profits from this film are being donated to youth organizations.
Camp Lo Releasing New Album "Black Hollywood" in July
They've delivered classic tracks like "Luchini" while helping to propel long-time producer Ski to the platform he has now. Camp Lo, consisting of Sonny Cheeba and Geechi Suede, is making a return to the game with their new album "Black Hollywood," dropping July 24 on Good Hands Records, which is distributed through Traffic Entertainment.
The album is entirely produced by Ski. "I feel like I got the same energy as Uptown Saturday night on Black Hollywood," Ski said. "We're about to introduce Camp Lo to a whole new generation of listeners who are going to be blown away."
Camp Lo is excited about working with Good Hands Records. "I know we're in good hands with Good Hands," Ski said. "It's hard to find music people that have open minds to put out this kind of music. They believe in keeping good hip-hop alive."
The lead single, "Black Hollywood," will be released in June.
File this one under the "believe it or not" department - Brother J and X-Clan are linking up with the resident clown misfits of hip-hop to go on tour. Insane Clown Posse's "The Tempest" Tour will feature them, Twiztid and X-Clan and kicks off April 26, 2007 in Grand Rapids, MI. The tour will stretch through June 8th, 2007 in Fargo, ND. "This tour is a perfect proof that real hip-hop reaches all barriers. ICP and X-Clan would have been the furthest thing from anybody’s mind as a tour combination," said X-Clan front man Brother J. "I am excited to make history with one of the wildest crews in the game. I’ve seen some of the Juggalos at our previous tours, and now we are stepping into their house as a guest of ICP. We are looking forward to tearing it down." Here's a list of upcoming dates:
Thu 04/26/07 Grand Rapids, MI Orbit Room Fri 04/27/07 Cleveland, OH Agora Theatre Sat 04/28/07 Chicago, IL Congress Theater Sun 04/29/07 Maplewood, MN Myth Tue 05/01/07 West Des Moines, IA Val Air Ballroom Wed 05/02/07 Sauget, IL Pop's Thu 05/03/07 Wichita, KS The Cotillion Fri 05/04/07 Denver, CO Fillmore Auditorium Sat 05/05/07 Magna, UT The Great Saltair Tue 05/08/07 Spokane, WA Big Easy Wed 05/09/07 Portland, OR Roseland Theater Fri 05/11/07 Chico, CA Senator Theater Sat 05/12/07 Sparks, NV New Oasis Sun 05/13/07 Las Vegas, NV Fort Cheyenne Casino Mon 05/14/07 Anaheim, CA Grove Of Anaheim Tue 05/15/07 Anaheim, CA Grove Of Anaheim Wed 05/16/07 Tempe, AZ The Marquee Theatre Fri 05/18/07 Tulsa, OK Cain's Ballroom Sat 05/19/07 Dallas, TX Palladium Ballroom Mon 05/21/07 Saint Petersburg, FL Jannus Landing Tue 05/22/07 Atlanta, GA The Masquerade Wed 05/23/07 Charlotte, NC Tremont Music Hall / The Casbah Fri 05/25/07 Philadelphia, PA Electric Factory Sat 05/26/07 Worcester, MA The Palladium Sun 05/27/07 Worcester, MA The Palladium Tue 05/29/07 Norfolk, VA The NorVa Wed 05/30/07 Baltimore, MD Sonar Thu 05/31/07 Buffalo, NY Town Ballroom Sat 06/02/07 Louisville, KY Expo Five Mon 06/04/07 Lawrence, KS Granada Theatre Tue 06/05/07 Sioux Falls, SD Sioux Empire Fairgrounds Fri 06/08/07 Fargo, ND Playmaker's Entertainment Complex
Rap artist 50 Cent (a.k.a. Curtis Jackson) will lead "Pretty Boy" Floyd Mayweather into the ring for his WBC super welterweight championship fight against "The Golden Boy" Oscar De La Hoya on May 5 at the MGM Grand in Las Vegas and live on pay-per-view. 50 Cent will be performing his new song "Straight to the Bank," for the very first time ever in front of a live audience.
Mayweather, the recognized "pound-for-pound" best fighter in the world, and 50 Cent are good friends and were recently seen together in the premiere episode of HBO's "De La Hoya/Mayweather 24/7," a four-part series currently running Sunday nights at 10:30pm on HBO, which takes an inside look at the fighters and their backgrounds.
"50 Cent is a great friend of mine and it means a lot to me to have him walk me in to the ring and debut his new song," said Mayweather. "With this fight being the Super Bowl of boxing, the fans and celebrities coming out to the fight and everyone watching around the world will see the greatest show ever."
He is an icon. There’s no other way to describe Russell Simmons and his 25 plus year career as an entrepreneur that has included the founding of Def Jam Records, Phat Farm clothing, the Hip-Hop Summit Action Network, and numerous philanthropic organizations. Simmons released his latest book, Do You: 12 Laws to Access the Power in You to Achieve Happiness and Success, this week, and I sat down with him to talk about the book, as well as his thoughts on the 2008 election, and why he sees rappers as being more charitable than a lot of politicians.