According to Hypebot.com Warner Music Group (home to T.I., P.Diddy, and others) has announced that all new artists deals will be 360 Deals. Translation? More broke rappers.

Warner Music Group head Edgar Bronfman Jr. told attendees at last week’s Web 2.0 Summit that all new artist contracts at WMG will be 360 deals. Silicon Valley blog TechCrunch went on to report that 1/3 of the artists currently signed to the label were already working under this kind of comprehensive arrangement which can involve label control of revenue from publishing, web sites, merchandise, touring and all other aspects of the artist’s career.

Sounds like they are tapping into the tour money and merch that are the lifeblood of many artists. Do they still get the box of Newports and Puma sweats?

As Barack Obama’s inauguration draws closer, all eyes are on potential performers for the big event. If they’re looking for volunteers, Beyoncé Knowles will happily raise her hand!

“I know I’ll definitely be there [at the swearing in],” she told reporters at a Gotham magazine event in New York Tuesday night. “I want to be there to witness it.”

As for performing, she added, “Of course I’d love to. Who wouldn’t?”

The singer also opened up about dancing with Justin Timberlake and Andy Samberg in a hilarious Saturday Night Live send-up of her hit “Single Ladies (Put a Ring on It).”

“Justin Timberlake came by SNL, and I just happened to be in town,” she said of the already-classic skit. “I said, ‘I’m not sure I want to do it.’ … But when they told me [he] would be a part of it, I said, ‘I have to do this!’ ”

Read the rest of the story HERE at People.com