News broke today, May 21, 2009, that Jay-Z bought out the remainder of his contract from Def Jam Records and is now a free agent. He had one album left for the label, The Blueprint 3.
Rap Radar spoke exclusively to the rapper who said:
“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.
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.”