On the heels of the rumor that he will be dismissed from Def Jam due to making huge demands, Jay-Z responded to it by simply saying "No". The CEO of the label denied the truth to the accusation that made him look very demanding financially.
In a recent interview with EW.com, the rapper made a statement that as much as he wants "to be compensated for what you do", he also stated that "it's really not about money". He said, "It's really about the future of the music business, and not wasting anyone's time. I don't ever want to sit in a seat just to sit in a seat."
"I could be off doing something else that's beneficial to the future of the music business as well as myself. So it's not about money! I mean, you couldn't pay me enough. And I don't mean that in a cocky way."
When asked on the possibility of him staying as the president of the label, Jay-Z said "Yeah, I think - I don't know. Let me not even say that. I don't know. We'll see how it goes." His contract with Island Def Jam will expire the end of this month and no news still on whether there will be a renewal or not.
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