Summary
LOS ANGELES -- Shawn "Jay-Z" Carter said Monday that he will leave his post as president of Universal Music Group's Def Jam Records label after his contract expires this year.
The rapper, who was named Def Jam president three years ago, said in a statement that it is "time for me to take on new challenges."See the full content of this document
Extract
Jay-Z Quits As Def Jam Boss
He will continue to release his own music through his record lab...
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