jay z

Jay-Z and Beyonce Starting New Label?

Rumors that Jay-Z is parting ways with DefJam records seem to be coming true. According to MediaTakeout, Jay-Z will soon announce that he’s leaving his lofty position at Def Jam to create a new label with Beyonce Knowles. With wedding rumors for the pair, it looks like 2007 is shaping up to be quite the year for the hip-hop mogul and his singer-actress girlfriend.

According to the MediaTakeout report (also reported through various underground music news sources), a key person involved with the new label has said that it will launch early next year.

Jay-Z Getting Fired From DefJam?

Reports of excessive demands and a supposedly jealous boss have led to rumors that Jay-Z may be fired as CEO of Def Jam records.

The superstar rapper/businessman has worked two years for L.A. Reid, chairman of Island/Def Jam, and Jay-Z’s contract is up for renewal. 

The company has done well since Jay-Z’s involvement began, due to his huge drawing power of young talent, like Rihanna and Ne-Yo.  Also, the rapper is no longer retired and is making money for the company as an artist.

Beyonce Takes Jay to the Beach

After dating for four years, how do you spice things up?  Well, if you’re rich, one way to turn up the heat is to whisk your lover away on a trip to Mexico- especially if he happens to be Jay Z, the retired/not retired king of hip hop.

Beyonce Knowles gave Jay Z the hook up, taking him to Mexico for a romantic getaway this past week.  Amid rumors that they were coming to an end, Miss Knowles proved naysayers wrong with a hot Mexican holiday.  The two have been sweethearts for four years.