A music industry rep has reportedly said Jay-Z is in talks to re-team with his former Def Jam managers Lyor Cohen and Kevin Liles at Warner Music to create Carter Music Group.
While details are still scarce, Jay is reportedly preparing for a business reunion.
“Jay knows Lyor and Kevin from back when they all worked together at Def Jam, and he obviously wants to work something out with his friends,” says our insider. “He wants to get the dream team back together. There have been a few whiffs of a reunion in the past, but only now – and very privately – is something finally starting to happen…This is big in hip hop. These are three of the most powerful men in music, who might be working together, and there’s no question the success they’ll have as a team will be huge.” (New York Daily News)
Jay, however, is also rumored to be joining the label of his wife, Beyonce, at Sony.
Jay-Z is close to signing a deal that will bring his future recordings to Sony, Billboard sources confirm. The deal — which will link Jay-Z’s Roc Nation releases with Sony’s Epic Records for distribution — “is 95% complete” according to people familiar with the ongoing negotiations. A formal announcement is expected in the coming weeks. (Billboard)
Jay reportedly did not want to drop his final contractual album, The Blueprint 3, via Def Jam Records.
“He definitely didn’t want to release his album via Def Jam,” said a Universal Music source. “And given his close relationship with (Sony executive and producer) Rick Rubin, it comes as no surprise that he’d make the switch.” Speculation has intensified in the past week that a Sony deal is in the works. Sony Corp CEO Howard Stringer and Jay-Z’s Roc Nation partner Jay Brown have been spotted meeting in Los Angeles and New York; Epic Records president Amanda Ghost is managed by Roc Nation and Brown; and Jay-Z’s wife, Beyonce, is an artist on Sony’s Columbia Records label. (Reuters)
The rap mogul confirmed his Def Jam buy-out and departure from Def Jam last week.
“I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely,” Jay said in an interview. “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. 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.” (Rap Radar)
Jay has yet to confirm or deny these most recent reports.