Jay-Z Denies Job Rumors
Mon, 06 Aug 2007 14:31:06
Why would Island/Def Jam hire producer Jermaine Dupri as the head of its urban division if they currently have Jay-Z as the label president? That's a good question. Rumors have been circulating for the past week that it is because Jay was considering leaving Def Jam for a position at Columbia Records. However in a radio interview this morning for New York's Hot 97 station, the rapper clarified everything.
"My three year contract is up soon," Jay explained. But where did the Columbia rumor come from? "I guess Rick Rubin [at Columbia] and we've got a relationship. But I haven't talked to Rick since he started at Columbia. I called him to say congratulations. But I've learned to leave the possibility open. Sometimes rumors spark real things." Jay added that he wouldn't be making an album any time soon but cites the first week sales match between Kanye West, Jay's protege, and 50 Cent, on competing label Interscope, to be high on his radar.
"It's great for retail, the record business, the buying public [and] the Internet so they can have their debates on who's going to win," Jay told listeners. "I have to bet on the home team. It's going to be a good fight, too."
—The ARTISTdirect Staff