JustN: Jay-Z Heading to Columbia?
The Daily News has an item this morning about Jay jumping the Def Jam ship and heading to Columbia Records.
A source very close to the hip-hop mogul confirms he is in negotiations to jump to rival Columbia.
Other insiders say the arrival of Jermaine Dupri as president of the Island Urban music division in February is the reason.
"There isn’t room for two kings at one label," says a source. "Why would Island bring in another power-hitter urban guy?"
They go on to say that with Rick Rubin’s recent installation as co-chairman at Columbia, he’s looking to bolster his management team.
(Word on the street is that him and B is going to create their own label!)
To bad (These are taken!)
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