Jay-Z Looks To Create New Mega Label... Janet Jackson & Beyonce Also Possible 50 Cent Will Join!!!!!!!

by **J The Kidd** Thu Sep 25, 2008 9:41 pm

We just caught wind of reports that hip hop pioneer Shawn "Jay Z"
Carter may be on the verge of pulling off the biggest deal in the
history of hip hop. According to people extremely senior at a major
record label, Jay Z is looking to sign some of the top artists in urban
music to his newly launched label.

The executive, who spoke to us on the condition of anonymity
explained, "Jay Z approached 50 Cent [whose contract ends with
Interscope in December] earlier this year and now he's talking to Janet
[Jackson] and Jermaine Dupri ... It seems like a difficult task to get
so many big artists under one roof, but I wouldn't put anything past
"[Jay Z]."

And another industry insider was far more optimistic about the
prospects of the new label. That insider told us, [Jay Z] is probably
the only person in music that could put together the financing to make
[signing] talent of that calibre possible."