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May 21, 2009

Jay-Z Supposedly buys out Def Jam contract


I guess people are tryin' to get away from Def Jam and Interscope these days...  RedMan expressin' he's ready to leave Def Jam for Shady, Russel Simmons suing Def Jam, and now Jay buying out his contract.  What the hell are they doin' over there at the "Hip Hop" Label?  Oh, that's right, pushing 808's N HeartBreak over Theater of The Mind.


As Roc Nation, Jay-Z's new home under the Live Nation umbrella, takes shape, the hip-hop superstar has reportedly bought back the last remaining record on his Island Def Jam deal for what some say is a whopping $5 million, raising a number of intriguing questions. How does the album figure into the plans of Roc Nation's brain trust, which also includes the A&R-savvy Jay Brown and Tata, as well as Jay-Z's business manager John Menielly? How will it be marketed and distributed? Will Roc Nation employ a traditional distribution channel or take the LP direct to retail? (Hits Daily Double)
Russel, Twitterin' about Def Jam..


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