Rapper B.G. will formally be sentenced to prison next month, for weapons possession and witness tampering.

B.G., born Christopher Dorsey, is expected to be sentenced to at least eight to 10 years in prison, over a November 2009 arrest.

Jay-Z and Kanye West have plans for a sequel to their collaborative album, Watch The Throne.

Producer Mike Dean, who worked on WTT and several of West’s projects, confirmed that the duo were going to release Watch The Throne 2 at the Cannes Film Festival. West debuted a new film called “Cruel Summer.”

Jay-Z will lead the musical direction over a big budget update of the classic movie “Annie,” which will star Willow Smith.

Furthermore, Jay-Z is expected to write new songs for the movie, despite claiming to be taking a break a press conference promoting his “Made In America” festival.

Yesterday (May 23), Marshall Mathers aka Eminem took the time to call in to New York’s Hot 97 to announce that Slaughterhouse would be performing at this year’s Summer Jam 2012.

Hot 97 Host/DJ Peter Rosenberg, who is also host of the new television show, MTV2′s “Hip-Hop Squares”, took the call hyping the announcement with special effects bombs.

Red Bull pulls out all the stops when it comes to getting the best featured artists and the best talent to provide the crowd with the right vibe for each event.

This year is no different as Red Bull has tapped Big K.R.I.T. as the special guest judge for the Red Bull EmSee National Finals in Atlanta, Georgia, on May 29 at the historic Masquerade venue.

50 Cent’s anticipated mixtape is here, but 50 Cent has already proclaimed that his next album will drop on July 3, no matter what the conditions are surrounding the project. “There’s a lot more business involved [in putting out an album] than the general public is aware of. And that part causes the actual delay with [Interscope]. I’m releasing my album July 3rd, whether is has commercial promotions or not,” he told AHH exclusively. “My birthday is July 6 and I planned for it. And I’m doing everything that I planned to do regardless if its huge airplay or not. I could care less, I’m putting the record out.”

Rapper 2 Chainz celebrated being released from custody after officials at LaGuardia Airport in New York mistakenly thought his gold 4-fingered ring were brass knuckles.

The rapper expressed his exuberance on Twitter.

Last night, Lil Wayne ended up as Hip Hop's greatest victor at the 2012 Billboard Music Awards. Weezy took home four awards including Top Male Artist, Top Rap Artist, Top Rap Album (Tha Carter IV) and one for his appearance on Kelly Rowland's "Motivation." Wiz Khalifa won for Top New Artist, beating out Bad Meets Evil, Foster the People, Scott McCreery and Big Sean.

Deadline is reporting that rapper T.I., who is no stranger to the acting world, has been cast as a bounty hunter in director Seth Gordon’s new Universal Pictures film, Identity Theft.

Identity Theft, which stars comedians Jason Bateman (Horrible Bosses) and Melissa McCarthy (Bridesmaids), is the story of a man, played by Bateman, who has his identity stolen.

David Banner has taken to the Internet to release his new album, Sex, Drugs & Video Gamesfor free, with hopes that those that download the album will also donate $1 to his 2M1 Movement.

In Banner’s own words, “The 2M1 Movement is to start controlling our own music, movies, and content…period! We are not simply characters in a  video game being controlled by the invisible hand. Once the goal is met, I’m going to shoot a movie that will drop May 22nd, 2012, and a portion will go to charity.”