And here I was looking at Jay-Z to head over to Sony to try his hand at being an "executive". But from what I'm hearing he may have pulled a fast one on us all.
Before there was even a hint that Jay might leave Def Jam people were saying that he and Beyonce were planning on jumping ship to create a label together with Apple. But according to TBGR its has been confirmed by a "high-up person attached to Jay".
We just heard that Jay-Z is launching a record label with Apple. No, Beyonce will not be formally attached. This is from a high-up person attached to Jay (no, not who you’re thinking), and it’s said to be a go! Jay is supposedly totally into the business model, and really wants this to happen.
Could Jigga be on the verge of creating a new music business? Looks like it..

Wow Raz and Ricky.... You guys have all but ended any and all creditability. Only punks are this messy. In my mind all three of y'all are gay. Click here to watch the shameless video.
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