Jay-Z has decided to part ways with long time label Def Jam. On yesterday (5/21) he paid a cool....
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the middle of working on 'Blueprint 3' so he also bought the rights to the songs that he's created so far. So there will be no delay on shelved album from Hov on Def Jam. (At lea$5 mil to end is contractual obligations with the label. This according to YN.
He's dead smack in st not his own see Foxy Brown & Joe Budden).
Jay still respect his time with Def Jam and has no beef what so ever.
"I can honestly say, working with Doug Morris and L.A. Reid has been a unique and fulfilling experience, and I respect them immensely. I've been in the family for almost my entire career. Doug and I spoke directly and had one of the most unique 'negotiations' ever."
According to YN, the negotiation included a coin toss that Doug Morris won.
"Doug won the toss, but we both won in the end. I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music."
Jay-Z's 'Blueprint 3' is still a work in progress and the only confirmed producer Jay-Z has worked with to this point is Kanye West. Who may be the only producer for the album.
