After an unusual three-year turn in the corporate suite, Jay-Z, the rap superstar, said Monday that he would step down from his post as president of Def Jam Recordings, one of the world's best-known record labels. While this might be one of his many other venutures, we just heard that Jay-Z is launching a record label with Apple.

No, Beyonce will not be formally attached. This is from a high-up person attached to Jay (no, not who you're thinking), and it's said to be a go! Jay is supposedly totally into the business model, and really wants this to happen.

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