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As Nas’ controversial album title, “***,” meets with opposition from several civil rights leaders, a New York politician is urging Universal Music Group to change the record’s name or risk losing $84 million in investments.Brooklyn assemblyman Hakeem Jeffries has requested that NY Comptroller Thomas DiNapoli withdraw $84 million that the state pension fund invests in Vivendi, which oversees Def Jam Recordings and is home to such artists as Jay-Z, Kanye West, and Fabolous.
Vivendi, the parent company of Universal, is reportedly one of several entertainment companies that receive investments from the New York State pension fund, which exceeds a staggering $2.8 billion. (more…)
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