Jay-Z may be selling his stake in the Nets, but he’ll still continue to cash in on the franchise he helped bring to Brooklyn. Though FORBES first reported this last week, you don’t have to take our word for it–the rapper explained the situation in his own words on a new song called “Open Letter,” released via SoundCloud earlier today. Would’ve brought the Nets to Brooklyn for free Except I made millions off it, you [expletive] dweeb I still own the building, I’m still keeping …

The publishing arm of Warner Music Group recently announced deals with Jay-Z to administer the copyrights of both his own songs and those on the music publishing roster of his company, Roc Nation. Warner/Chappell will immediately begin administering Jay-Z’s catalog stretching back to 2008; by the end of 2013, it will handle the bulk of his early career hits as well. The publisher will also now administer copyrights for Roc Nation’s stable of songwriters, including Philip Lawrence (co-writer of Bruno Mars’ “Grenade” and “Locked …

Mitt Romney hasn’t gotten much love from the music world over the course of his campaign. Just yesterday, Jay-Z introduced Barack Obama at a campaign event in Columbus, Ohio. Beforehand, the rapper performed his hit “99 Problems,” modifying the chorus to end with the words “but Mitt ain’t one.” More: Check out Empire State of Mind: How Jay-Z Went From Street Corner to Corner Office Jay-Z’s got plenty of company in Obama’s corner. Fellow rappers ranging from Young Jeezy to Common have voiced their support for …

This story is an updated version of a story I wrote recently for Forbes.com. The drumbeat of the Barclays Center’s arrival in Brooklyn has been growing louder over the past few months–and it blasted full volume as Jay-Z christened the rusty-chic arena with eight sold-out concerts. Jay-Z, who famously grew up in the nearby Marcy housing projects, has been pounding as loud as anyone in his role as public face of the building and its main tenant, the Brooklyn Nets. He owns a tiny …