February 26, 2008 02:52:10 GMT
Jay-Z reportedly is aiming to release a collaborative album between him and rapper Nas early 2009 through his new label.
Beside running his clubs, hotel chains, clothing line, new ad agency and many other business ventures, Jay-Z is moving on with his music career. The 38-year-old reportedly is talking with fellow rapper Nas to work on a joint album which will be released in early 2009.
New York Daily News' gossip column reported that Jay-Z will release the collaborative album which is tentatively titled "The Kings of Hip Hop" through his new but not yet confirmed label, Carter Music Group. Jay-Z himself is due to release a studio album this year while Nas has also set date April 22 for his album "Nigger".
Representative of Jay-Z has not commented on this.
He left his position as CEO of Def Jam the end of last year. When asked what was his next step after the departure, the mogul 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."
On other news, Jay-Z is faced with a $5 billion suit after an activist named Clive Campbell claimed Jay-Z as well as developer Bruce Ratner and Barclays bank worked "in concert" with Barclays and "profited from the African Slave Trade and continue to profit from these gains, through a conspiracy dating back hundreds of years and continue to date to oppress Black people, enslave them, unlawfully deport them to all corners of the Earth."