NewCorp [[NWS]] a news media empire that owns, the Fox franchise, Myspace, and other diverse investments, had a rough year..good but rough. The good news of owning companies like Myspace, ad dollars are bananas. The bad thing, constant lawsuits from child solicitation and the other dealings create tons of headaches. As of late the purchase of The Wall Street Journal is good, but the success of American Idol on Fox programing, rating wise are slumping, despite the over branding of the show. And a buzz among all the hip Hop internets, the merging and acquisition of 50Cent’s Thisis50.com social networking site.

Yes NewCorp is the new media powerhouse and yes 50 Cent’s recent venture with selling concert memorabilia will put him in a position to make money while sleeping. The real question is, a merge with 50 Cents online appeal a back up investment for the ailing tv and music market? Of course they are making strides on all ends but there has been a dramatic drop in TV ratings, why? Cause the money demographic is online…like all the time. If there can be no money in selling music, I’ve notice a trend in selling the dream to a bunch of wannabe’s and the need to be affiliated with fame, the mere notion of possibly getting in the music industry could easily be just as profitable.

Of course the details of 50 Cent deal have been talked about all week, which includes his book deals. $300 million, wow or what ever but, I’m giving a side eye, not to the deal but better yet a new trend, in addition to concert money, online expansion might be the new trickery for padding the new “market”. Can’t make money with music anymore? Venture where no fitted cap has ventured before. If this doesnt work, the Hip Hop market which is in progress of a massive bubble will eventually pop.

Read the details of the deal here [Bossip]

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