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Former Vice President of Interscope Data and President of City Music at Sony, Steve Stoute, not too long ago made an look on Shannon Sharpe’s Membership Shay Shay podcast to discuss his profession and journey within the music business. Nevertheless, he additionally made some revelations about his enterprise relationship with Jay-Z, who’s his cousin.
Throughout his dialog with the NFL participant, Stoute revealed to Sharpe that he and Jay-Z aren’t solely enterprise associates however are additionally cousins. Explaining why he doesn’t actually discuss his familial ties, Stoute instructed Sharpe, “I don’t talk about it, because there’s no reason to talk about it. But I went to my grandfather’s funeral, and his grandparent is buried two lots down. It’s just like one of those things.”
Sharpe requested him if the pair had developed a friendship attributable to their familial bond, however Stoute clarified that that wasn’t the case, stating, “Nah, he and I just became very close friends over time.”
Stoute additionally gave his opinion on former Roc-a-Fella CEO Dame Dash, and insisted he “blew it” when it got here to dealing with Jay-Z.
The chief as soon as managed Nas and stated that he was bewildered when Sprint ruined his alternative to deal with “the most important artist of his generation,” that means Jay-Z. Talking about loyalty, Stoute unveiled, “The people around him wanted to meet with other people. People were becoming less beholden to him, but he was unaware of it.”
He continued, “And then while he was building businesses, he would go off all around the world with cameras and girls and all kinds of crazy shit, and then come back flipping on everybody as if [they were wrong].”
Talking concerning the glass ceiling that Sprint put in place, Stoute added, “Jay grew up, Jay wanted more. I think Jay saw Dame’s ceiling and I think that’s really what it was. He wanted more. Everybody wanted more. Dame just had a very particular way of approaching things.”
He concluded, “He’s far from stupid — very, very smart, very talented. Ego through the roof. So there was no working with him. No one wanted to work with him. Jimmy Iovine had this line: when the shit gets bigger than the cat, you gotta get rid of the cat.”
