E3 Official - Jay-Z Steps Down from Def Jam
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Universal Music Group said on Monday that Shawn “Jay-Z” Carter is stepping down as president of its Def Jam Records unit, effective by the end of the year.
Carter has been president of the storied rap label since 2005 and signed acts including R&B singers Rihanna and Ne-Yo.
Universal said Jay-Z, also a top-selling rap artist, will continue as a recording artist for its Roc-A-Fella/Def Jam label.
“I’ve been incredibly fortunate to have served as President of such a culturally-defining label as Def Jam over the last three years,” Jay-Z said in a statement. “During that time, I’ve had the pleasure of working with many of the world’s most dynamic artists and many of the most dedicated and talented executives in the music business today, including Antonio “L.A.” Reid. But now it’s time for me to take on new challenges.”
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