Posted Saturday April 14, 2007 4:33 PM GMT
Rumors that Jay-Z is parting ways with DefJam records seem to be coming true. According to MediaTakeout, Jay-Z will soon announce that he’s leaving his lofty position at Def Jam to create a new label with Beyonce Knowles. With wedding rumors for the pair, it looks like 2007 is shaping up to be quite the year for the hip-hop mogul and his singer-actress girlfriend.
According to the MediaTakeout report (also reported through various underground music news sources), a key person involved with the new label has said that it will launch early next year.