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from BoyGeniusReport:
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. No, Beyonce will not be formally attached. This is from a high-up person attached to Jay (no, not who you're thinking), and it's said to be a go! Jay is supposedly totally into the business model, and really wants this to happen. Hey, Apple! Send us some MacWorld passes, and we'll cut down on the leaks, 'kay?
I dunno about y'all but this seems pretty big! Even though Hov didn't let Itunes have American Gangster, this partnership seems. Can't wait to see what they will have to offer. Hopefully he will havemore success with this label, than he did with DefJam.