Russell Simmons plans to launch a new line of clothing to be sold exclusively in the 350 Wal-Mart stores in the United States. Simmon's new clothing line, American Classics, will sell for between $9.99 and $29 with most of the clothing being priced at least $15. Wal-Mart will carry many items from the American Classic line including knit and woven shirts, sweater vests, jeans, sports shoes and more. 

   

Pharrell along with many other celebrities including Jay-Z, Beyonce and Russell Simmons, as well as fashion designers Tracy Reese, Isaac Mizrahi and Marc Jacobs, were all selected to design clothing for Barrack Obama's "Runway To Change" campaign

The first ever hip-hop jewelry auction will take place this fall as iconic pieces worn by rap superstars 50 Cent, Diddy, Lil' Wayne, Nas, Jay-Z, The Notorious B.I.G., Kanye West and others are being prepared to sell.

MediaTakeOut.com has been hearing all kids of rumors surrounding the recent public split of Russell Simmons and Porschla Coleman. Now we just caught wind of what we hear is the real reason.

A handful of hip-hop stars have participated in a PSA for a campaign called "Get Out the Vote". It includes: Snoop Dogg, LL Cool J, Ciara, T.I., Flo Rida, Styles P . . . and "Star Wars" director George Lucas. Check it out!

They say you can never put a price on love: how's $480,000 a year sound?