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Since Jay-Z left his post as CEO of Def Jam, rumors have been flying around that he wants to start his own label.
We’ve heard that Jay-Z has been huddling with Warner Music Group head Lyor Cohen, to talk about starting his own label, tentatively called the Carter Music Group. Jay’s real name is Sean Carter.
An insider says, “The reason Jay left Def Jam was less about money than about freedom. He didn’t want to come to the office every day. And he had so many outside projects – his chain of 4-0/40 clubs and the hotel he’s building in Chelsea. But he wouldn’t mind having a small label for the talent he discovers. He might just put out three or four records a year. He’d let somebody else do the heavy lifting.”
[...] Ferguson from Rumors In Music has reported that Jay-Z needed to free up more of his time so he could produce his own record [...]