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Yesterday evening, news quickly spread that Trinidad James had signed with Def Jam records for a rumored $2 million, just a week after performing in NYC with a crowd full of label executives.

Congrats to Trinidad James on this accomplishment after only rapping for 11 months over a FREE beat.  Watch the video below that got Trinidad his buzz.

directed by Motion Family

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spotted: Forbes

Top 10 highest paid musicians via Forbes (pre tax earnings)

1. Dr. Dre ($110 million)

2. Roger Waters ($88 million)

3. Elton John ($80 million)

4. U2 ($78 million)

5. Take That ($69 million)

6. Bon Jovi ($60 million)

7. Britney Spears ($58 million)

8. Paul McCartney ($57 million, tie)

8. Taylor Swift ($57 million, tie)

10. Justin Bieber ($55 million, tie)

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Hostess’ advisers will soon begin to shut down the company’s 33 bakeries and 565 distribution centers, headquarted in Irving, TX. The vast majority of its 18,300 employees will be laid off, according to the company.

As part of the liquidation process, Hostess is also moving to sell off its iconic portfolio of treats. Such brands often find a second home after bankruptcy, often with companies specializing in intellectual property.

source: CBSNews

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