Jay-Z Resigns as President/CEO of Def Jam Records
I think I need to add Jay-Z to my “Top of 2007 Forward Thinkers” list along with David Byrne and Thom Yorke. I think I also should add a category - “Music Industry Buzz Words of 2007″ and list - NEW MODEL, FIRED, RESIGNED, ARCHAIC, and FLAWED.
2008 is going to be a damn exciting year!
Nabbed this from JustJared.buzznet.com
Rapper/entrepreneur Jay-Z is stepping down as president/CEO of Def Jam Records after three years with the label.
Says Jay-Z, “It’s really about trying to invest in the future, trying to invest in maybe coming up with a new model. Because going in hard making records with artists and throwing those records into a system that’s flawed is not exciting for me. It’s not the music; people ingest music the same way. It’s just that the model of selling CDs has changed. So doing things the typical way is not in the best interests of anyone and not exciting for me. My whole thing is, how do we invest in the future? If everyone is committed to doing that, then I’m sure there’s a deal to be made.”
Jay-Z will continue to release his own music through his label Roc-a-Fella, which is under the Def Jam umbrella. Ella ella ella ey ey ey!
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