Rumors have been circulating about Jay-Z and Beyonce getting married but the duo may have another partnership in the works. According to mediatakeout.com, Jay-Z will soon announce that he’s leaving his position at Def Jam to create a new label with Beyonce.
According to mediatakeout.com, a key person involved with the new label has said that it will launch early next year.
“It’s a done deal. Jay-Z already has Beyonce and Matthew Knowles on board,” said the source. “She’ll be finishing up her contract [with Sony], and I expect that she’ll sign on to the new label shortly afterwards.”
Beyonce is scheduled to complete her final album under a deal with Sony this fall. The final of her three albums of the deal (B’Day and B’Day Deluxe) will be a live album.
It’s not clear which major label will house the new label but the insider says it’s not going to be Island Def Jam.