Hip-Hop mogul Jay-Z has reportedly bought out the remainder of his business contract with Def Jam Records, including his unreleased Blueprint 3 album obligation, for roughly $5 million.

HitsDaily Double Reports:

ONE NATION UNDER JAY-Z: As Roc Nation, Jay-Z’s new home under the Live Nation umbrella, takes shape, the hip-hop superstar has reportedly bought back the last remaining record on his IDJ deal for what some say is a whopping $5 million, raising a number of intriguing questions. How does the album figure into the plans of Roc Nation’s brain trust, which also includes the A&R-savvy Jay Brown and Tata, as well as Jay-Z’s business manager John Menielly? How will it be marketed and distributed? Will Roc Nation employ a traditional distribution channel or take the LP direct to retail? Or alternatively, will the new company make it part of a rumored arrangement inside a major? Every one of the Big Four is reportedly eager to make such a deal. (5/20p)

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Comment by ADI on May 22, 2009 at 9:00pm
y jay leavin?!is it coz 50 demolishin officer ricky nd now it makin def jam look baD..!haha damn..50 number1
Comment by GOT THAT MUSIC LLC RECORDS on May 22, 2009 at 6:28pm
Why not right?

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Comment by Dre on May 22, 2009 at 11:03am
jay is a beast when it come to mking money the boy can sell water to a whale. the 5 he spent gone tripple or more lol get em Jay show these dudes how to do it
Comment by Marcus O'Neil on May 22, 2009 at 11:02am
no matter what he does or says, he is one ugly n*****.
Comment by sexgamecrazy on May 22, 2009 at 10:45am
dats BROOKLYN JAY a BEAST!!!
Comment by HOEYUNO on May 22, 2009 at 9:45am
Thats gangster...DEF JAM is done. sad sad sad
Comment by NetGuruINC on May 22, 2009 at 9:07am
damn this n**** jay is playin a video game, lol
Comment by ZOMUCH!!313 on May 22, 2009 at 7:28am
M.O.B!!!!!!!!!!!!!
Comment by A Kidd Called Ricky on May 22, 2009 at 6:02am
DAS BAWLLIN' JAY.
2st GREATEST RAPPER ALIVE (1st LLOYD BANKS)
Comment by darrel on May 22, 2009 at 5:49am
you fell like laughing your a** off ,check this out. this are some funny s*** here
http://www.discountweb.blogspot.com/

jay get em



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