AllRespect.com // Jay-Z Launching Music Label with Apple

Posted on 2008-01-03 13:34:46
Artist/band(s): Jay-Z [FB]

dave View: Profile - All Posts

Source: http://gizmodo.com/339781/the-old-music-industry-is-dead-apple-launching-record-label-with-jay+z

Looks like there might another major announcement at MacWorld. BGR says they've "confirmed" that Apple is launching a record label with Jay-Z, who's set to step down from Def Jam. Jay-Z and Jobs are both brilliant businessmen, and the move would make sense on a number of levels: The labels almost view iTunes as a competitor now, the industry landscape is rapidly transforming, and whoever finds the magic formula for a new kind of label/distribution firm stands to make a lot of money as they establish the new paradigm of the industry. And iTunes already is something like a label. This could be megaton big, if the rumor is true.

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