Music Article

The Carter Administration

Jay-Z may run Island Def Jam label. The retiring rapper may soon head the world's most prominent hip-hop record label

Now that he's retiring from being rap's biggest star, Jay-Z may settle for running rap's biggest label. According to the Associated Press, the artist formerly known as Shawn Carter is close to a deal to assume the presidency of Universal Music Group's Island Def Jam label. He'd take over for Kevin Liles, who was ousted from the label in July, and would report to producer-turned-exec Antonio ''L.A.'' Reid, who joined the label in February as its chairman.

Jay-Z certainly has experience running a label, Roc-A-Fella Records, with business partners Damon Dash and Kareem ''Biggs'' Burke. UMG is, in fact, negotiating to buy Roc-A-Fella, but Jay-Z's new job isn't dependent on that deal going through, a source close to the deal told AP. The rapper announced his retirement from recording music more than a year ago, though he's currently on tour with R. Kelly, and the pair released a new album, Unfinished Business, on Tuesday.

Originally posted Oct 27, 2004
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