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Jay-Z Named New President of Def Jam!!

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Leggy Hendrix:
After finally reaching a deal to sell the remaining portion of Roc-A-Fella Records to Island Def Jam for $10 million dollars, Jay-Z was named president of the legendary label founded by Rick Rubin and Russell Simmons in 1985.

"I have inherited two of the most important brands in hip-hop, Def Jam and Roc-A-Fella," Jay-Z said. "LA Reid and the Universal Music Group have given me the opportunity to manage the companies I have contributed to my whole career. I feel this is a giant step for me and the entire artist community."

Simmons said that Jay-Z's appointment to president would help the Def Jam brand name in the marketplace.

"Jay-Z running the Def Jam label is going to be great," Russell Simmons told AllHipHop.com. "I couldn't be happier; this is a great honor for all of those who laid the groundwork for Def Jam. Jay's involvement is a great thing for the Def Jam brand."

Jay-Z will report directly to Antonio "LA" Reid and will continue to run Roc-A-Fella Records as part of the deal.

Reid acknowledged Jay-Z's business acumen and his ten-year track record of running the Roc-A-Fella label.

"We are fortunate that he has agreed to take over as president & CEO of Def Jam Recordings," Reid said. "I can think of no one more relevant and credible in the hip-hop community to build upon Def Jam's fantastic legacy and move the company into its next groundbreaking era."

The appointment is effective January 3, 2005, with Jay-Z operating out of Island Def Jam's New York offices.




what y'all think about this?


i also just read somewhere that Cam'ron has been told he can leave the label...hes apparently no longer contractually obliged to do another 3 albums...

Bramsterdam (see ya):
Thats pretty cool, Im happy for him

Don Rizzle:
so does that mean that r simmons is stepping down? or is he not pres

Shallow:
I'm not sure what this means. I'm not discounting Jay's business sense but outside of clothing which did good for a small time company, but hardly changed the clothing world, and his own record sales, he hasn't done that much. Outside of Kanye, who just recently became something and may not last, who else became big from Roc a Fella? I can't think of anyone. Maybe Jay is good at balancing budgets and that's why he got upped, but he hasn't shown me anything as far as creating stars goes.

BigBDrugStores:

--- Quote from: Shallow on December 08, 2004, 03:12:29 PM ---I'm not sure what this means. I'm not discounting Jay's business sense but outside of clothing which did good for a small time company, but hardly changed the clothing world, and his own record sales, he hasn't done that much. Outside of Kanye, who just recently became something and may not last, who else became big from Roc a Fella? I can't think of anyone. Maybe Jay is good at balancing budgets and that's why he got upped, but he hasn't shown me anything as far as creating stars goes.

--- End quote ---
young gun blew up for a minute. and seigel is hot

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