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More Jay Z news

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As being rumored damn near everywhere, Jay Z might be starting a record label with Apple. Now, I am a huge J fan, and this is the reason why. There have been rumors about this for more than a year now, starting with speculation a while back about him and Beyonce being fed up with the deals and labels that they are on. It is obvious to all that the “record industry” needs some help. The music business is doing fine, but the obviously record sales continue to decline. Most artist are just putting out albums almost as advertisement so that they can go on tour and make a ton of money off that. Apple has made and absolute mint off of iPods and the iTunes store, and there is a history of beef there between the record labels and Steve Jobs. These rumors definitely have been fueled by the fact that Jay left his post as the president of Def Jam after his contract didn’t get renewed to the terms he wanted, but this just seems to make too much sense. The only hiccup I can see is that Jay still owes DJ one more record under his recording contract, but given that he put out American gangster in about a month, seems like that isn’t going to be a problem. I for one would applaud a move like this, because everyone loves music, and we need a change in how things are getting done.

In other Jay Z news, 40/40 in Vegas opened New Years

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and it looked like quite a party.

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and quite a spot

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with quite a crew of VIP party-goers

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I like Dr. J’s style, a cigar and some henny, not bad, and we know the Thicke’s can party with the best of them

The craziest thing about all of this is that the NY Post is saying that the reason Jay left DJ is because he is wanting to focus on his business ventures exclusively, which includes the planned J Hotels and potentially five more 40/40 clubs. Right now he has the Midas touch, so whatever he is doing is looking like it will turn out just fine. Good for him!

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