Jay-Z Stepping Down At Def Jam

December 26th, 2007

Apparently H to the O – V is no longer going to be CEO for some undisclosed internal reason.

Jay-Z

It was announced the day before Christmas that Jay-Z will, indeed, part ways with Def Jam Records.

Universal Music Group made the news official on Monday that the hip-hop mogul and rapper will be “stepping down as president” of the storied record label, effective by the end of the year.

The near 40-year-old, self-proclaimed former drug dealer cum urban music czar has been at the helm of the Russell Simmons-founded record company since 2005, and has been credited with signing acts such as Rihanna and Ne-Yo.

Mega-newsmaker Kanye West, and legal problem prone rapper Beanie Sigel are also recognized as Jay-Z discoveries — both carry-over acts from when his Roc-A-Fella Records label folded into Def Jam shortly before he became president.

According to Reuters, Universal said the Brooklyn native (legally known as Shawn Carter) will continue recording for its Roc-A-Fella/Def Jam label.

Though there were recent reports of terse contract negotiations, the company did not give a reason for his decision to leave his executive seat.

Black Voices has the story rest of the story www.blackvoices.com/blogs/2007/12/26/j/

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