Kanye West supposed financial woes were flung out onto Front Street last week when his former friend Jay-Z hit out at him on his ‘4:44’ set.
But you got hurt because you did cool by ‘Ye // You gave him 20 million without blinkin’ // He gave you 20 minutes on stage, f*** was he thinkin’? // ‘F*** wrong with everybody?’ is what you sayin’ // But if everybody’s crazy, you’re the one that’s insane.
This week, sources close to the moguls claim that the truth lies in a very different story and that money Jay-Z loaned West wasn’t a loan at all.
Keen to present Jay’s side of the story as untrue, said sources reached out to TMZ to offer the following explanation:
The $20 million was a payout advance which could also cover expenses — including the floating stage — for Kanye’s “Saint Pablo Tour.” The money is sometimes used to cover various production costs and staff. It’s actually standard for artists at Kanye’s level to get such an advance. It’s part of the deal.
West parted ways with Jay-Z‘s Roc Nation following drama surrounding his role as executive-producer on the first draft of Rihanna‘s ‘ANTI.’
This week, the world learned that he had also parted ways with TIDAL.
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Well Kanye said he was broke so wouldn’t be surprised if it was true
These days people are claiming to be “broke” even when they are rich, it’s such a shame
Kardashian CURSE. Its not over until Kayne is finished. smh
Hasn’t heard Jay Z lie in any song he’s put out this far…
Yo lost jay he def gone fr.
Well atleast i know he has something to talk about on his next album.
Smh ye shouldve stayed black
How could he lie about something he never said? Jay never called him a loan. He did, however, front him 2 mil for a tour that Kanye did not complete, music videos he never released… so their trying to use technicalities to cover Kanye’s ass.
20 mil
Have we stopped understanding plain English. AN ‘ADVANCE’ IS THE SAME THING AS A ‘LOAN’.
Didn’t hear Jay say loan or advance. His words were gave. Specifics please.