Thursday, December 09, 2004

Jay-Z is now the Prez!

Retiring rapper Jay-Z assumes Def Jam throne

Best-selling rapper Jay-Z, aka Shaun Carter, has finally signed on the dotted line to take the role of president at Def Jam Recordings. The deal, rumored for months but officially executed early Wednesday, is for three years, a knowledgeable source says. Jay-Z will report to Island Def Jam Music Group president and CEO Antonio "LA" Reid. Universal Music Group's IDJMG simultaneously announced that it had acquired the remaining 50% in Roc-A-Fella Records, which is co-owned by Jay-Z, Damon Dash and Kareem "Biggs" Burke.


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