Jay-Z Confirms Leaving His Label, Island/Def Jam

Jay-Z is leaving the very place which launched his career, Def Jam Records. After securing a deal with Live Nation for a pretty penny (or more like a pretty set of millions) he's confirmed that he will not be recording another album for the label.

The deal with Live Nation is for touring, publishing and recording...something these days a label just can't do.

Next up, hopefully a new album...