Jay-Z and Apple Starting a Record Label?
Fresh off his mixed success as president of Def Jam, the Jigga-man has been snagged by Apple (according to sources) to head up a label that cuts out the middle man (a.k.a. the major record label). Having an in-house label would likely boost Apple's profits from sales of digital content. That digital content, of course, sells iPods, iPhones, and (fictionally) iTVs. GIven all that, this rumor is as sensible as it is odd.
Lets just hope the announcement is made via a performance of 'Takeover' featuring Steve Jobs.
From Engadget
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