Grammy award winning rap artist and partial owner of record company, Roc-a-Fella, Jay-Z (Shawn Carter) will take the helm of Def Jam Recordings on January 3, 2005. He will report to Antonio "L.A." Reid, chairman of Island Def Jam Music Group, a part of Universal Music
Group, based in New York City. Island Def Jam Music Group has bought the remaining 50% stake in Roc-a-Fella from Jay-Z and his business partners
Damon Dash and Kareem "Biggs" Burke.
Lead Source: Reuters
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