Rap moguls enjoy Academy Award nominated movies, too - at least that's the excuse Jay-Z can use to explain why he was spotted in a movie theater watching "Brokeback Mountain," the tale of two gay cowboys who are sent to a mountain in search of work as sheepherders.

With his money, Hova should be able to get a screening copy to view in his home. No word on whether Bouncy (Beyonce) attended the movie with him.

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