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Jay-Z claims Weinstein Company owes him $480,000

LAWSUIT: Jay-Z claims the Weinstein Company owes him $480,000

JAY-Z IS owed hundreds of thousands of dollars for two projects that he executive produced, according to a lawsuit the rapper has brought against the Weinstein Company.

The lawsuit brought by Jay-Z states that the Weinstein Company owes him $480,000 for two projects – Time: The Kalief Browder Story and Rest in Power: The Trayvon Martin Story.

The Weinstein Company, founded by Harvey Weinstein, the Hollywood film producer at the centre of a series of sexual assault allegations, filed for bankruptcy in March after the accusations made against him came to light.

The company has stated that it doesn’t owe the rapper anything for Time: The Kalief Browder Story.

Jay-Z is not the only rapper to be filing a suit against the company. Eminem has also alleged that he is owed $352,000 for three songs – Phenomenal, Phenomenal 2 and Kings Never Die – he wrote for Southpaw, the Antoine Fuqua directed boxing film starring Jake Gyllenhaal. Gyllenhaal has also said that he is owed money by the Weinstein Company.

The lawsuits are obstructing the sale of the company.

A number of prominent figures in the entertainment industry are also understood to be owed money by the company. Malia Obama, Barack and Michelle’s daughter, who spent time as an intern at the company in 2017, is also listed in the company’s bankruptcy filing as being owed money.

Private equity firm Lantern Capital is handling the sale of the company’s assets.

Weinstein was forced out of his company in the wake of sexual assault allegations made against him. He has also had his membership to The Academy of Motion Picture Arts and Sciences revoked.

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