Russell Simmons promoting his stake in Def Jam to Common for $100 million. Within three years Def Jam albums just like the Beastie Boys ' Licensed to III, L. L. Cool J.'s Bigger and Deffer, and Run-DMC's Elevating Hell dominated the black music charts. Def Jam is known as one of the crucial profitable report labels in the music business and has such big arts like Logic, Justin Bieber, Nas, 2 Chainz, Kanye West, and extra.
From left, rapper Eminem, Russell Simmons, Detroit mayor Kwame Kilpatrick, and Dr. Benjamin Chavis, CEO of the Hip-Hop Summitt, backstage on the 2003 Detroit Hip-Hop Summitt. Every of them described Simmons' actions as rape. Among the many issues that he has performed for the entertainment industry is pioneered the hip-hop label Def Jam.
I lost so much cash … Give it some thought: Beasties go away, Rick Rubin the architect of Def Jam leaves, Russell goes to California, I begin becoming liable for the brand (of Def Jam) and this iconic model, I begin signings acts, one stuff after one other.
From music manufacturing with Def Jam to clothes with the Phat Farm label, to consumer finance with RushCard or even his yoga studio Tantris, Simmons keeps popping up everywhere. HBO introduced that they'd be eradicating Russell Simmons' name From All Def Comedy, a new series he was producing in mild of the recent allegations.
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