This one’s been floating around like a hot air balloon, but we’ve just about confirmed it. For those that don’t know, Jay-Z left Def Jam as President last month, and everyone’s been talking about where he’s heading. While this might be one of his many other venutures, we just heard that Jay-Z is launching a record label with Apple.
UPDATE: Apple & Jay-Z: the follow up:
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.