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Jay-Z, Apple to form label?



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Way, way back in July of last year, IGM reported a rumor that Apple and Jay-Z we're planning to launch a record label. Months passed and nothing more surfaced other than Jaz-Z walking away from Def Jam, which he led to glory.

Well, this old rumor is new again with a report from Boy Genius, which claims to have confirmed it as true:

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 youíre thinking), and itís said to be a go! Jay is supposedly totally into the business model, and really wants this to happen.

That's rather thin, but there is a certain logic to an Apple / Jay-Z pairing. iTunes is already a label in everything but name...

What's your take?

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