Shawn Carter Has Left the Building

jay-and-la.jpg

Sorry to ruin your Christmas this early. After weeks of negotiations and speculations, Jay-Z has confirmed that he will not continue as Def Jam president come January.

“Now it’s time for me to take on new challenges,” said Jay-Z in a statement. “I am pleased to have had the opportunity to build upon the Def Jam legacy.”

CEO of Island Def Jam Music Group, Antonio “L.A.” Reid, said: “Jay made it clear to us that he feels the time has come to take on different challenges in his life. While we regret his decision to move on, we certainly respect it.”

Word on the street is that Hov wanted more than the $10 million he was getting on his old contract. He’s still signed to Def Jam via Roc-A-Fella, with one album left laundry list. LL Cool J is somewhere smiling like, “I told you so.”

[Full Story]

17 Responses

1. Jay-z » Shawn Carter Has Left the Building Says:

[...] Rizoh wrote an interesting post today on Shawn Carter Has Left the BuildingHere’s a quick excerptAfter weeks of negotiations and speculations, Jay-Z has confirmed that he will not continue as Def Jam president come January. “Now it’s time for me to take on new challenges,” said Jay-Z in a statement. “I am pleased to have had the … [...]

2. Ice Says:

Well now that he’s gone at least they’ll be money left in Def Jam’s budget for artists to at least have one video for there album when it drops. Remember theres still no video for Ghosts Big Doe Rehab album and when Meth dropped earlier this yr (I know not too many people knew he did either) he didnt have a vid his damn self. Ahh to be President

HTTP://ICEDOTCOM.BLOGSPOT.COM/

3. Jay-Z - Nicht länger Präsident von Def Jam | SWISS SECTION Says:

[...] From Def Jam the new york times - Jay-Z to Quit His Day Job as President of Def Jam the rap up - Shawn Carter Has Left the Building the smoking section - “Who Ever Thought Young Shawn Carter…” - Jay-z Leaves Def Jam we know [...]

4.
T2
T2 Says:

It will be interesting now to see who everybody blames when there next album flops people only focused on this label cus of Hovs presidency but when they flop agian alot of them have to realise they do not appeal to the mainstream.

All the garbage that sells…when you have Birdman selling more than Wu-Tang there is something wrong with the industry not the labels.

5. moneda Says:

“… there is something wrong with the industry not the labels.”

What the hell? The labels ARE the industry you goddamn inbred.

6. Gmoney Says:

yaaaaaaaaaaaay!!!!!

now everybody can go platinum again…. hooraaaaaay!!!!

7. Keptyam.Com » Shawn Carter Has Left the Building Says:

[...] Boushka wrote an interesting post today on Shawn Carter Has Left the BuildingHere’s a quick [...]

8. gusto Says:

now when they flop who will they blame?

9. yaboy Says:

finally jay is gone…

oh and ice, by the way, there is a video for ‘barrel brothers.’ smarten up.

10. yaboy Says:

no hate at all but the dudes that sold while jay was president (kanye jeezy etc) already were selling units… he broke no new rappers…

11. Chulita Says:

yeaaaaaaaaa!
http://www.spymac.com/details/?2317880

12. All bookmarks tagged rap Says:

[...] bookmarks tagged rap Shawn Carter Has Left the Building&nbspsaved by 8 others     pinkstar4415 bookmarked on 12/26/07 | [...]

13. MP3 Download Music Says:

[...] admin wrote an interesting post today onHere’s a quick excerptCEO of Island Def Jam Music Group, Antonio “LA” Reid, said: “Jay made it clear to us that he feels the time has come to take on different challenges in his life. While we regret his decision to move on, we certainly respect it. … [...]

14. jelley Says:

he sings evry nice ~~especially his rap~~as if he has a blog on ;’”wealthykiss.com”

15. Ice Says:

To Yaboy, Barrel Brothers is a homemade video for the internet dir by Ric Cordero wh specialzes in web promo vids if you seen it you’de know that was not made for no BET or MTV so whos the dummy, f*ck outta here
Barrel Bros video - http://www.youtube.com/watch?v=81lp_HVMH-0

16. Who Should Replace Jay-Z at Def Jam? | The Rap Up Says:

[...] Irv, and Dame Dash are on the list of possible replacements for Jay-Z, who recently announced that he’ll step down as Def Jam president at the end of his contract. L.A. will need all the help in the world to find a suitable substitute. [...]

17. dre Says:

rizoh where the F is the jay electronica album ha. been waiting on that foreverrrr



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