Samsung and Jay-Z are very close to finishing inking out a deal, although the specifics are pretty vague at this point. The contract will be worth as much as $20 million, and is said to be completed “in the next few weeks”. This contract is going to be the biggest of its kind.
While we don’t know exactly what the contract will entail, there are some speculations:
- A new music streaming service, focused on artists that Jay-Z hopes to promote, as well as centering around his own music (obviously)
- New hardware – think Beats headphones and Beats-specific devices. We would probably be looking at a slew of audio equipment that would be compatible with Jay-Z’s branded phones, tablets, etc.
- Promotions of concerts and media events
- Jay-Z as an official spokesperson for Samsung
These all sound pretty likely at this point, and you can bet that Jay-Z will be pretty much plastered all over anything Samsung for a number of months, due to the 8-figure agreement being signed.