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Jay-Z headlined the “Made In America” press conference Monday afternoon on the Art Museum steps in Philadelphia, PA and discussed the cities upcoming Two-Day Festival, which will be headlined by Hov himself. Jay-Z plans to push the culture forward with good music and good vibes. The show will be produced by Live Nation and promises to bring as many as 28 acts to the city’s Fairmont Park on September 1st and 2nd.

CLICK HERE TO WATCH Jay-Z “Made In America” Press Conference

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Jay-Z appeared in Philadelphia, Pennsylvania earlier this morning to announce the two-day Budweiser “Made in America” festival, taking place in September.

While on the steps of the Philadelphia Art Museum, Hov chopped it up with Billboard’s The Juice, explaining that he won’t be releasing new music anytime soon on account of his baby daughter, Blue Ivy Carter.

“I thought I would be more inspired to have all these new feelings to talk about, but I really just want to hang out with my daughter,” said Jay. “I want to enjoy this time for what it is. I’m sure that bug to get back in the studio will come back at some point.”

He also spoke on his relationship with Anheuser Busch and why he decided to partner with the company for the “Made in America” festival. He wouldn’t reveal who is on the bill – it’s being announced on May 21st – but he said that he’s got roughly 70 percent of the lineup locked in.

“I had a relationship with Anheuser Busch going back to Bud Select [in 2006], and all those things came together and piqued my interest as another way to make an iPod playlist that’s gonna play for two days live,” he said, naming who he’s currently feeling in music at the moment. “I like all the new guys in the industry as far as rap. I discovered this new song – it’s not really new, but it’s a song that I love by Michael Kiwanuka. I really like what he’s doing. There’s a bunch I just can’t think of right now.”

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Rap mogul Jay-Z may be trying to pass Diddy on Forbes’ “Wealthiest Hip-Hop Artists” list for next year after unveiling his very own cognac line last night (May 9) in New York City.

According to reports, Young Hov quietly introduced the alcoholic drink at a private gathering.

Looks like Jay-Z may be expanding his empire to include cognac. Last night in New York at an ultra private event he helped introduce D’usse (pronounced “dew-say”) a cognac being produced by Bacardi that is expected to compete with Hennessy. Don’t worry, you won’t have to break the bank to drink this stuff it will go for $44.99 for a 750-ml bottle – but don’t be surprised if there is a super expensive version. Will you buy it off the name drop or do you need a taste? (The LIFE Files)

Earlier this month, Diddy reacted to landing atop his Forbes competition.

“I’m usually at No. 1,” Diddy said in an interview. “Our plan was to always flip-flop on it. This was the year I told him that we had to flop it back to its original owner. We push each other, we inspire each other. It’s just a beautiful relationship of natural competitiveness. But you know, it’s back at Bad Boy.” (Hot 97)

Forbes editor Zack O’Malley Greenburg credited Puffy’s popular Ciroc Vodka for helping contribute to an edge over Jay.

“Number one is Diddy at $550 million. He’s number one, far and away from everybody else mainly because of Ciroc,” editor Zack O’Malley Greenburg said in an interview. “He’s got this incredible deal backed by beverage giant, Diageo. He gets a huge cut of profits and he’s entitled to a split in profits of any sale of the brand. Second up we have Jay-Z. Jay-Z’s one of the only artists whose making a lot of music actively. He released Watch the Throne last year — so Jay-Z’s right up there.” (Forbes)

Outside of paper-stacking, Jay recently discussed raising newborn daughter Blue Ivy Carter.

“I imagine I’ll take things I learned from my mom and things I’ve learned from raising my nephews and apply that,” the rapper said in an interview for Oprah’s Master Class: Special Edition. “Then at the end of the day, I just know I’ll probably have the worst-spoiled little kid ever,” he admitted. Jay-Z went on to say that even if he does spoil Blue Ivy, she will probably resent him once she is a teenager. “Everyone imagines they’ll be a great dad until their [kids are] teenagers,” he said. “[Then they say], ‘Get away from me, dad. You’re embarrassing me’.” (Digital Spy)

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Less than a week after posting his controversial New York Post column centering on rap mogul Jay-Z and the Brooklyn Nets, columnist Phil Mushnik has stepped forward to protect his image.

Speaking via a statement, Mushnik lashed out at media outlets labeling him a racist.

“I’m never comfortable using that word [n*gger]. That’s the way I was raised. Shame on my parents,” a sarcastic Mushnick writes. “The ONE time I spelled it out – for accuracy – I was widely condemned as a racist. So either way, I’m a bigot. I know what’s in my heart and my head, the way I was raised, and the way I raised my kids. But you’ve painted me a racist. Good work, James. And good work, if you can get it.” As we pointed out to Mushnick, we never called him a racist — not once. We don’t know the guy and won’t speculate on his racial sympathies. What we do know is that he used the word “n—–s” in a column, which is an incredibly stupid, insensitive things to do — regardless of the context, or the race of the person using the word. (Village Voice)

Mushnik’s controversial column began making headlines after its publishing last Friday (May 4).

“As long as the Nets are allowing Jay-Z to call their marketing shots — what a shock that he chose black and white as the new team colors to stress, as the Nets explained, their new “urban” home — why not have him apply the full Jay-Z treatment? Why the Brooklyn Nets when they can be the New York N——s? The cheerleaders could be the Brooklyn B—-hes or Hoes. Team logo? A 9 mm with hollow-tip shell casings strewn beneath. Wanna be Jay-Z hip? Then go all the way!” (New York Post)

Shortly after the immediate outcries, Mushnick also stepped forward to defend himself.

“Bob – Such obvious, wishful and ignorant mischaracterizations of what I write are common. I don’t call black men the N-word; I don’t regard young women as bitches and whores; I don’t glorify the use of assault weapons and drugs. Jay-Z, on the other hand…..Is he the only NBA owner allowed to call black men N—ers?” Jay-Z profits from the worst and most sustaining self-enslaving stereotypes of black-American culture and I’M the racist? Some truths, I guess, are just hard to read, let alone think about. (Same column I provide support for Amar’e Stoudemire at a time when everyone in town is ripping him to shreds. That was my LEAD, too, but what does that matter?)” (Bobs Blitz)

Last week, the Brooklyn Nets attire was officially unveiled.

The Nets began settling into their new neighborhood Monday, unveiling new colors and logos at a sporting goods store on Flatbush Avenue, across the street from its soon-to-be-completed home arena, the $1 billion Barclays Center. “Hello Brooklyn,”‘ center Brook Lopez said. “I’ve been waiting a long time to say that. It’s very exciting.” Lopez was joined by coach Avery Johnson, General Manager Billy King, Bruce Ratner, the real estate developer and minority owner who was the catalyst behind the team’s relocation, and Brooklyn Borough President Marty Markowitz. (Sports Illustrated)

Check out a Brooklyn Nets video below:

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As rappers, both Jay-Z and 50 Cent have battled it out on the charts but now the two Hip Hop moguls turned businessmen have found a new platform to compete with one another on and that is the Facebook gaming platform.

For his Facebook game titled 50 Cent’s Blackjack, 50 Cent linked up with Game Show Network (GSN) Digital to create a virtual casino where Facebook users can challenge their friends or play the games dealer.

“I am excited to partner with GSN Digital on this venture to create an unparalleled social gaming experience for my fans,” 50 Cent explained to Hip-Hop Wired. “50 Cent’s Blackjack is filled with fun twists and innovative features that is sure to provide hours of entertainment.”

Unlike 50 Cent’s Blackjack, Jay-Z’s Empire will take more of a Sims-like approach where Facebook users can quite literally create their own empires as they work their way from “hustler, to entrepreneur, to business mogul.”

While 50 Cent’s Blackjack is up and running on Facebook, according to Complex Jay-Z’s Empire is currently in its beta testing stage.

Bey added: “I never thought there would be a day when I wouldn’t wear heels. Now that I have a child, I walk around holding her all day, I’m buying loafers and oxfords. I love them, because they’re comfortable,” she says. “And shorter heels too. I’d always thought, ‘The higher the heel, the sexier.’ But now I’m like, ‘These are really sexy.’”

According to BusinessWeek.com, Jay-Z and Rihanna are set to headline the BBC Radio Hackney Weekend  a month before the Olympics begin. The Olympic committee christened the Hackney Weekend the headlining event for the Olympics, despite it not being called so originally.

The weekend festival is gong to feature British comedians Stephen Fry and Tim Minchin as well as the hip-hop giants. The Culture Secretary Jeremy Hunt told media outlets, “There will be absolutely something for everyone: from Beethoven to Jay-Z, from Shakespeare to Mike Leigh.”

The organizers of the festival echoed Hunt’s statements, saying, “The London 2012 Festival will be the biggest cultural celebration in our lifetime.”

We’re sure Jay and Rihanna will do their part to make sure their shows will be the biggest concerts the country has ever seen. Hackney Weekend kicks off June 23rd in London.

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Rap mogul Jay-Z was on hand last night (April 23) to help bid a final farewell to the last regular season for the New Jersey Nets before they head out to BK to begin their reign as the Brooklyn Nets next season.

Jay, who is a minority owner of the team, watched his Nets suffer a 105-87 loss to the Philadelphia 76eres.

Jay-Z was in attendance to watch his New Jersey Nets play their final game at the Garden State before heading to their new home in Brooklyn last night (23rd April). The ‘Girls Girls Girls’ singer is a part owner of the team alongside Russian businessman Mikhail Prokhorov, and saw the side lose their game against the Philadelphia 76ers. The rapper was without wife Beyonce who he has recently attended a number of sporting matches at Madison Square Garden with to watch the New York Knicks. Jay wore a denim jacket and a pair of pink and blue trainers as he sat courtside sporting a “NY” cap. (Capital FM)

The night was highlighted with New Jersey Nets alumni.

With video tributes (members of the 2002 and 2003 Finals teams drew the loudest cheers at sold-out Prudential Center), memories permeated the night. Derrick Coleman laughed, noting how “whoop-dee-damn-doo” came through his defense of Kenny Anderson “so I blame him.” Kerry Kittles fondly recalled two trips to the Finals. And on and on. (New York Post)

Last September, Jay officially announced the Nets’ post-New Jersey team name.

On Monday morning, the entertainment mogul announced that the NBA Nets would have a new name once they take the court at the Barclays Center in Brooklyn in approximately one year. “We’ve decided that the final name would be the Brooklyn Nets,” said the rapper who grew up only minutes away at the Marcy Houses and later at 560 State Street. (My Fox NY)

Prior to next season’s opening tip-off, Hov will headline a few performances to get fans accustomed with the new stadium.

Rap mogul Jay-Z will headline a series of concerts to open Brooklyn’s new Nets arena next fall – and will make it official Monday: The team will be named for his hometown. The superstar, who owns a small piece of the soon-to-be renamed Brooklyn Nets, will perform at eight concerts to celebrate the grand opening of the arena – where all-access passes are going for up to $15,400 a season. Jay-Z likely will be joined by his wife, Beyoncé – who by then will have given birth to the couple’s first child – at one of the shows, and will bring on a series of other performers, sources said. Jay-Z will appear with developer Bruce Ratner and Borough President Marty Markowitz to reveal details of the shows Monday at the Prospect Heights construction site. (New York Daily News)

Check out footage from last night’s final New Jersey game below:

Streetcar Named Desire on Broadway in April 2012

“On my first day he had Jay-Z pumped up full and we did the entire scene with, you know, Jay-Z in our ear on full blast while acting and it was just so liberating,” Isla Fischer told MTV. “He really understands actors and how self-conscious we feel at times, and how exposed we are and how we never know where anything lands. Just the complexity of being vulnerable every minute when you’re acting and he just makes you feel so safe.”

While the juxtaposition of hip-hop with a novel published in 1925 seems like a reach, the book’s focus on a mysterious millionaire bootlegger throwing parties in the “Roaring 20s” under the shadow of prohibition in New York City makes Jigga Man’s music an ideal fit.

Fischer wouldn’t reveal which songs were blaring on set, but  here are five we think should have been in rotation on the set of The Great Gatsby.

5) “American Dreamin’”, American Gangster, 2007

“Who in the F knows how to be successful/ Need a “Personal Jesus,” I’m in Depeche Mode /They say it’s celestial, it’s all in the stars Like Tony LaRussa on how you play your Cards”

4) “Allure”, The Black Album,2003

“The game is a lightbulb with eleventy-million volts/ And I’m just a moth, addicted to the floss /And doors lift from the floor and the tops come off /By any means necessary, whatever the cost, even if it means lives is lost…”

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“Ordered some Patreezy/while talkin to this breezy Brushin off my three-piece/ I make this look too easy/So tall and lanky; my suit, it should thank me I make it look, good to be this hood Meyer Lansky”

2) “The City Is Mine”, In My Lifetime Vol. 1,1997

“I represent the lifestyle of those who thirst cream/ A buck fifty a shot, Louis the Thirteenth”

1) “Empire State Of Mind”, The Blueprint 3, 2009

“Came here for school, graduated to the high life/ Ball players, rap stars, addicted to the limelight /MDMA got you feelin’ like a champion/ The city never sleeps, better slip you an Ambien”

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