Forgive me if this is some sort of joke. I'm in France and am out of touch with the western world haha.
While fans await the highly anticipated release of Hov's Blueprint 3, Jay-Z is making moves ... label moves that is.
After more than a decade with Def Jam, the hip-hop mogul has officially parted ways with the label after buying out his contract for $5 million.
It was just a rumor Thursday morning (May 21), but Jay contacted YN's RapRadar.com later in the afternoon to confirm the news.
"I can honestly say, working with Doug Morris and L.A. Reid has been a unique and fulfilling experience, and I respect them immensely," Jay told the site. "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.
Jay said that negotiation included a coin toss. "Doug won the toss, but we both won in the end," Jay said. "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."
Hov has been working on his much anticipated Blueprint 3 album with Kanye West since 2008, after forming his own record company Roc Nation.
No word on when the album is expected, or what label it would be released though at press time.
He signed a deal with Live Nation awhile back. I am pretty sure it was a "360" deal. I don't have the original article from that old news, but a Billboard article about him leaving Def Jam states the deal included albums. So He will probably have his own label with everything handled by Live Nation. Madonna and other high profile artists have done this already. Some of them signed Live Nation deals while still owing the current label albums. This was the deal here. He owed Def Jam one more before he could do his Live Nation deal fully. So he bought himself out. Probably a good move for all involved. Def Jam was not going to make more than 5 mil off his next release.
myself wrote:He signed a deal with Live Nation awhile back. I am pretty sure it was a "360" deal. I don't have the original article from that old news, but a Billboard article about him leaving Def Jam states the deal included albums. So He will probably have his own label with everything handled by Live Nation. Madonna and other high profile artists have done this already. Some of them signed Live Nation deals while still owing the current label albums. This was the deal here. He owed Def Jam one more before he could do his Live Nation deal fully. So he bought himself out. Probably a good move for all involved. Def Jam was not going to make more than 5 mil off his next release.
myself wrote:He signed a deal with Live Nation awhile back. I am pretty sure it was a "360" deal. I don't have the original article from that old news, but a Billboard article about him leaving Def Jam states the deal included albums. So He will probably have his own label with everything handled by Live Nation. Madonna and other high profile artists have done this already. Some of them signed Live Nation deals while still owing the current label albums. This was the deal here. He owed Def Jam one more before he could do his Live Nation deal fully. So he bought himself out. Probably a good move for all involved. Def Jam was not going to make more than 5 mil off his next release.
Thats pretty cool. Thanks for the info.
Heh, Jay-Z and I have the same employer.
Wow, bro. Maybe you can share with him some of those wikkid eyebrow techniques.
It will be interesting to see how much money Live Nation loses on both the Jay-Z and Madonna deals.
myself wrote:He signed a deal with Live Nation awhile back. I am pretty sure it was a "360" deal. I don't have the original article from that old news, but a Billboard article about him leaving Def Jam states the deal included albums. So He will probably have his own label with everything handled by Live Nation. Madonna and other high profile artists have done this already. Some of them signed Live Nation deals while still owing the current label albums. This was the deal here. He owed Def Jam one more before he could do his Live Nation deal fully. So he bought himself out. Probably a good move for all involved. Def Jam was not going to make more than 5 mil off his next release.
Thats pretty cool. Thanks for the info.
Heh, Jay-Z and I have the same employer.
Wow, bro. Maybe you can share with him some of those wikkid eyebrow techniques.
It will be interesting to see how much money Live Nation loses on both the Jay-Z and Madonna deals.