Jay-Z finally speaks up on his status with Def Jam chairman L.A. Reid after he left the C.E.O. post of the label the end of last year. The rapper dismissed any rumor that he was feuding with Reid, saying that "everything is sweet".
Speaking on the red carpet of 50th Grammy Awards on Sunday (February 10), Jay-Z explained, "It wasn't a hostile thing. I was with L.A. last night. We still gonna continue to work on (projects), just not (with me) as the president of Def Jam. But everything is sweet."
The conversation then moved on with his next step which has been a curiosity among the media. "I got so many different options," Jay said. "I wanna continue to push the envelope, represent the culture well. Make the people proud. The next thing is gonna involve a little bit of everything. It has to involve music, 'cause I love music."
It was rumored sometime ago that he was gonna start a new but small label with Warner Music Group chairman, Lyor Cohen. While reports like this have not been addressed by the rapper, others business ventures do have the knack for the Brooklyn rapper. "But I have so many other skills as an entrepreneur I can add to that," he continued. "Even with the decline in CD sales, music is at an all-time high. ... People still love music as much as ever. I'm trying to help other artists figure that out so you can make beautiful music and you don't have to pay your bills with your CDs. You're making money in so many other places. I'm just trying to figure that out."
Jay-Z is due to release a new studio album this year. Meanwhile, a tour with Mary J. Blige has been mapped out to start on March 22 and wind down April 16. He has also shot a music video for the third single from his "American Gangster" album, "I Know".