Now that Jay-Z’s bought the rights to his next album due to Island/Def Jam, it’s been reported that Hov’ is close to signing a deal with Sony.
According to Billboard, the deal, which will link Jay-Z’s Roc Nation releases with Sony’s Epic Records for distribution, “is 95% complete,” according to people familiar with the negotiations. A formal announcement is expected in the coming weeks.
“He definitely didn’t want to release his album via Def Jam,” said a Universal Music source. “And given his close relationship with (Sony executive and producer) Rick Rubin, it comes as no surprise that he’d make the switch.”
Sony Corp CEO Howard Stringer and Jay-Z’s Roc Nation partner Jay Brown have been spotted meeting in Los Angeles and New York; Epic Records president Amanda Ghost is managed by Roc Nation and Brown; and Jay-Z’s wife, Beyonce, is an artist on Sony’s Columbia Records label
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