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Jay Z

Preview Continued: Jay-Z On The Music Industry

Posted By on June 10, 2010

     Continuing our preview of the upcoming new issue of Rolling Stone Magazine, which Jay-Z covers, the former president of Def Jam Records is asked to give his thoughts on the industry.  "When you look at what’s happening, the record business is purging itself,” Jay continues. “Def Jam released 57 albums one year. Are there 57 good artists in the world, let alone on one label? If you have 57 artists and four of them break, that’s bad business. What a terrible model. I told them, ‘How about this idea — instead of spending $300 million to break four acts, why don’t you guys give me a credit line, and I’ll just do things. I won’t make music. I’ll go buy some headphones, or buy a clothing line, just be part of the culture.’ But the money scared them off, because they’re not used to thinking in that way."


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  • Real Talk

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  • ursocalledgod

    sooooo he DID give hime 20 million..smh an advance is just like a loan and it came out of rock nations / jays pockets. he never said he gifted him anything.