Holla: J's fixin to take his ball and go home

So the word on the block is J & Bee are allegedly starting a new label venture with Apple iTunes. As you all have heard by now, Jay’s contract with Def Jam will expire soon and him renewing his contract is becoming a big question over at Def Jam. In the contract, Jay has the rights to bring the entire group of artists he signed anywhere he goes. So big hitters like Rihanna, Ne-yo, Rick Ross, Kanye, and Nas will follow Jay to this new label. Also Beyonce will fill out her obligation with Sony by the end of '07 with just 2 more albums to go. Details are still sketched but look for new contracts and new moves to happen around November-December. Beyonce and Rihanna on the same label…very interesting. from Highbrid.