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Beyoncé Knowles' Sony deal
Apr 17, 2007, 13:00 GMT
Beyoncé Knowles is reportedly preparing to negotiate a multi-million dollar deal with Sony.
The 'Crazy in Love' singer, who is contracted to Sony for another two albums, is considering signing with Def Jam records - of which her long-term boyfriend Jay-Z is president.
A source told the New York Post newspaper: "Jay-Z has been trying to get her to Def Jam for a while. He would love to oversee her career - he kind of does anyway."
Sony will reportedly have to pay over the odds to keep the 25-year-old singer.
The source said: "Sony has had a bad year - all the hit acts, Justin Timberlake, Christina Aguilera and the 'American Idol' kids, are all on BMG.
"They can't afford to lose Beyoncé. They'll probably mortgage the farm to keep her. Which means a lot more money for Beyoncé - and Jay-Z if they get married."
Representatives for Beyoncé, Sony and Jay-Z all declined to comment.
(C) BANG Media International
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