Friday, May 22, 2009

Jay Z Confirms Def Jam Buyout; Leaves The Label!


Folks wanna call themselves the 'Best Rapper Alive', well now I REALLY need them to fall back and give Hov his credit. Call him old, call him ugly, but one thing you cant call him is broke...but you can call him a Businessman, so let him handle his business, DAMN!



Cyrus Langhorne-SOHH,


Jay-Z has confirmed reports which claimed he has purchased the remainder of his business contract with Def Jam Records, including his unreleased Blueprint 3 album obligation.

Jigga kept details to a minimum, however, he did say a conversation with Def Jam executives has already taken place.

"I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely," Jay said in an interview. "I've been in the family for almost my entire career. Doug and I spoke directly and had one of the most unique 'negotiations' ever. Doug won the toss but, we both won in the end...I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music"



I'm convinced that some things are going on up there at Def Jam. You have Jay buying out his contract, Russell Simmons on Twitter talking about he's suing a label he help build. He said "they tryna take my lunch". Hmmm, i wonder if all of this is linked. He worried about Def Jam tryna eat his lunch, somebody tell him Jay just brought the cafeteria. PAYOW!

1 comment:

James said...

Bossman Jay!!!!!