Rumor : Jay Z Teaming Up With Apple?
January 3, 2008 by TMA
Filed under On The Net
We don’t normally post “rumors” here, but this one has large implications if true…
Looks like there might be another major announcement at MacWorld. BGR says they’ve “confirmed” that Apple is launching a record label with Jay-Z, who’s set to step down from Def Jam. Jay-Z and Jobs are both brilliant businessmen, and the move would make sense on a number of levels: The labels almost view iTunes as a competitor now, the industry landscape is rapidly transforming, and whoever finds the magic formula for a new kind of label/distribution firm stands to make a lot of money as they establish the new paradigm of the industry. And iTunes already is something like a label. This could be megaton big, if the rumor is true.
Could this be true? And if so, what effects do you think it will have on the Music Industry?
It’ll defintely wage a war in terms of who gets who. We have Microsoft beefin with Google over Yahoo. However, I think it’ll compromise the music. I can just see Apple throw disclaimers around on album content. If this happens, it’ll be because Jay is so damn commercially safe as an artist.