Jay-Z confirmed the rumors about his split with Def Jam Records today during a new interview. "I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely. I’ve been in the family for almost my entire career," Jigga said.
Jigga continued, "Doug and I spoke directly and had one of the most unique “negotiations” ever. Doug won the toss but, we both won in the end..I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.”
We reported ealier that Jay-Z wanted out of Def Jam. The Jigga man reportedly bought out the remainder of his business contract with Def Jam Records, including his upcoming "Blueprint 3" album obligation. Although it hasn't been confirmed, Jay-Z reportedly paid around $5 million dollars to move away from the legendary rap label into his own "Roc Nation" label under Live Nation.