Wednesday, February 18, 2009
JAY-Z + APPLE = record label
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.
>>MY TURN<< Got this article somewhere online while I was surfin'. but THIS IS WHAT I AM TALKING ABOUT! BLACK IS BACK!!! WE TAKING OVER!