$$$Selling Out BigTyme$$$

Hip-Hop entrepreneur and mogul, Jay-Z, recently sold his name brand ROCAWEAR. The company is known for producing iconic urban fashion (at unaffordable prices by the way). The company was sold to the Iconic Brand Group resposible for name brands such as Joe boxer, Mudd and Candies etc. He allegedly sold the brand for a whopping $204 million in CASH.

Jay-Z, formally known as Shawn Carter, will

continue to have creative direction of the line. He and the Iconic Brand group have a new luxury line in the work; which will be known as The Sean Carter Collection which is expected to debut in 2008.

This merger shows the power that entertainers in the rap industry can have on pop culture. This is one of the biggest deals that the Iconic Group has settled.

Her Milkshakes's On LOCKDOWN

R&B and funk singer, Kelis had a run in with the law over the weekend. The singer is best known for her hit "Milkshake" and she's also known for her high profile marriage to rapper Nas. Kelis was arrested Friday morning in Miami for allegedly attacking two undercover officers.

The officers were posing as prostitutes when they claim singer Kelis began to yell racial slurs and profanities at them. Kelis allegedly attacked them and had to be restrained by friends.

The singer was put on two misdemeanor charges of disorderly conduct.