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Def Jam CEO Jay-Z ponders his role as a music executive now that the increasing shift from CDs to digital distribution points once again to an industry desperate for new monetization strategies. Before you bail Jay, check us out!

 

Jay-Z
JAY-Z

[Gail Mitchell, Billboard.biz]:
So, what about the all the rumors that you're leaving Def Jam?


[Jay-Z]:
The rumors are about only because my contract is up. If we can work something out that's beneficial to all parties involved, we'll see. But it's not about money. It's really about trying to invest in the future, trying to invest in maybe coming up with a new model. Because going in hard making records with artists and throwing those records into a system that's flawed is not exciting for me. It's not the music; people ingest music the same way. It's just that the model of selling CDs has changed. So doing things the typical way is not in the best interests of anyone and not exciting for me. My whole thing is, how do we invest in the future? If everyone is committed to doing that, then I'm sure there's a deal to be made. 

LINK (via Billboard.biz) 

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