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October 24, 2019

The Blast: Suge Knight Addresses Reports He Signed Life Rights to Ray J While Serving 28-Year Sentence

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Suge Knight denied turning over his life rights to his good friend Ray J but revealed another arrangement he made with the singer whose business acumen he respects. 

Suge Knight may be living in the confines of his prison walls but he’s still a businessman looking for ways to make a buck. 

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ON TURNING OVER HIS LIFE RIGHTS TO RAY J

TMZ first reported that one of his projects involves cashing in on his life story and that he allegedly turned over his story rights to his good friend, Ray J. The publication further stated that Ray J was tasked to negotiate deals and produce content for film, TV, and print. 

“I respect Ray J and his business dealings, that's why I choose him as one of the guys to deal with..."

However, in a recent audio clip shared by The Blast, Knight denied turning over his life rights to Ray J and instead revealed what he actually tapped the singer for.

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THE REAL DEAL WITH RAY-J

According to the 54-year-old record producer who’s serving time for voluntary manslaughter, he heard about the headlines concerning Ray J holding his life rights. He flatly denied this by saying, “He don’t.”

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Instead, he clarified that because the singer was his good friend who’s like a brother to him and a good businessman, he delegated future negotiations for his label, Death Row Records to him.

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“I respect Ray J and his business dealings, that's why I choose him as one of the guys to deal with the music side of the future for as Death Row Records, anything to do with Death Row,” he said

“And it's great to have him cause he will be putting out this incredible album and I heard it before,” he adds.

WHY RAY J

Knight and Ray J go way back so the respect they have for each other is strong. It’s not surprising that the former would entrust his business to Ray-J because apart from his bankable talent as a singer, he’s also a successful entrepreneur.

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In March, it was announced that Raycon hit $10 million in sales  after the release of its wireless headphones. 

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Ray-J began an electronics company called Raytroniks a few years ago and in 2016 popularized the electric bike called the Scoot-E-Bike.  

Following a $31 million distribution deal with Cowboy Wholesale, the 38-year-old formed Raycon Global, expanding his merchandise to include electronic gear and lifestyle products.  

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In March, it was announced that Raycon hit $10 million in sales after the release of its wireless headphones. 

“It feels amazing and we’re so proud of how far we’ve come in such a short amount of time,” the singer expressed to Grit Daily

"I knew that the company would do well because I believe so much in the products but, I have to say that the success has been overwhelming so far. We have a great team assembled and we get things done. Our customers are happy so we’re happy."

In a few years, Ray J may just be the next tech giant as he vows to continue to create new and innovative products. And it looks like Knight made the right decision to partner with the singer for future business. 

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