Jive Takes Equity Stake In Hitz Committee
October 3, 2008 at 5:02 PM (PT)
Sources tell ALL ACCESS that ZOMBA has signed Jive VP/A&R MICKEY "MEMPHITZ" WRIGHT and his HITZ COMMITTEE ENTERTAINMENT to a 360 deal. HITZ will now encompass a record label, music production, music publishing, artist and producer management, and TV and film projects.
Ostensibly, ZOMBA will retain approximately half of any profits HITZ generate, as well as shop any film or TV ideas the company hatch. Hitz has to release three artists per year; on tap for 2009 are projects from HUEY, TRAI'D, CHIP THA RIPPER and singer ASIA CRUISE.