As of January 1st, Def Jam will longer be presided over by Jay-Z; the rapper confirmed that he will be stepping down from his President role at the label. Check out the rapper’s statement below:
“I’ve been incredibly fortunate to have served as President of such a culturally-defining label as Def Jam over the last three years,” Jay-Z said in a statement. “During that time, I’ve had the pleasure of working with many of the world’s most dynamic artists and many of the most dedicated and talented executives in the music business today, including Antonio “L.A.” Reid. But now it’s time for me to take on new challenges.”
Jay-Z, born Shawn Carter, took over as President of Def Jam in 2005. Under his guidance, the rapper signed his former rival Nas to Def Jam and oversaw the release of hit records by Kanye West, Rihanna and Ne-Yo.
Island Def Jam Music Group Chairman Antonio “L.A.” Reid said that Jay-Z felt it was time to take on “different challenges in his life.”
Jay-Z will continue running and recording for his Roc-A-Fella imprint, which is distributed by the Island Def Jam Music Group. The mogul is rumored to be making a transition to the urban division of Sony Records with Rick Rubin. {Read full article}
Oh well. I can’t say any of this comes as a surprise. The stories of conflict between Jay and the upper management over at Def Jam have more or less proven true; IMO they just allowed him to save face by saying he ‘resigned’. It’ll be interesting to see how things pan out from here on out; there have been whispers that Jermaine Dupri will take on the now vacant role.
Your thoughts?