The news on your internets is that Apple and Jay-Z are in your bed, starting a label together. Boy Genius Report's follow-up on this story says that Jay won't run the label:
Now, we all know that Jay-Z recently left his position with Def Jam, but the odd thing about this rumor is the whole Jay-Z taking American Gangster OFF of iTunes thing. Seems like an odd link-up, Apple and Hov, but I guess stranger things have happened?
When we said Apple and Jay-Z were starting a record label, it doesn’t mean that Jay is running it. It just means they are doing it together. What we think will happen is Jay will be on as an "urban" artist, and Apple will go out and make similar deals with other rock and country artists. But Jay-Z has 2 albums left at Def Jam, right? Well, he’s going to develop and attract artists like he did at Def Jam as president. Jay has the power to get artists on the radio, get them media ops, etc. Having him on board for urban artists is the ultimate stamp of approval, and makes total sense. We see this working as a straight distribution model, with little, but some marketing support.The bigger news outlets are picking up on this, as Eskay found:
Now, we all know that Jay-Z recently left his position with Def Jam, but the odd thing about this rumor is the whole Jay-Z taking American Gangster OFF of iTunes thing. Seems like an odd link-up, Apple and Hov, but I guess stranger things have happened?
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