THE END OF AN ERA, OR BEGINNING OF NEW ONE?

December 24th, 2007 Posted in Jay-Z

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Like we didn’t see this coming. The rumors were true. Jay-Z steps down from DEF JAM. What next?
(ARTICLE)

NEW YORK (Reuters) - Universal Music Group said on Monday that Shawn “Jay-Z” Carter is stepping down as president of its Def Jam Records unit, effective by the end of the year.

Carter has been president of the storied rap label since 2005 and signed acts including R&B singers Rihanna and Ne-Yo.

Universal said Jay-Z, also a top-selling rap artist, will continue as a recording artist for its Roc-A-Fella/Def Jam label.

Universal Music, a unit of French media and telecommunications group Vivendi, has 30 percent of the worldwide music market share.

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2 Responses to “THE END OF AN ERA, OR BEGINNING OF NEW ONE?”

  1. DB Says:

    December 25th, 2007 at 4:25 am

    J outgrown Def Jam he stompin with the big dogs now he donald trumpin’


  2. J Boogie Says:

    December 25th, 2007 at 9:33 pm

    He only took the the DefJam job to get ownership of his masters.


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