Jay-Z + Nas = Kings Of Hip Hop?

Rumors continue to swirl about Jay-Z’s still-unconfirmed new record label, Carter Music Group. Rumpor has it that Jay is partnering with rapper Nas on an album of duets, “The Kings of Hip Hop,” to be released on the label early next year. Jay’s rep is keeping tight-lipped.

The Carter Administration Comes To An End At Def Jam

Jay Z leaves his post as President of Def Jam Records.

Jay Says:

"Now it’s time for me to take on new challenges," he said in a statement. "I am pleased to have had the opportunity to build upon the Def Jam legacy…"

L.A Reid Says:

"Jay made it clear to us that he feels the time has come to take on different challenges in his life. While we regret his decision to move on, we certainly respect it…"

"Everything is Good in the Hood"