Jay Z, Dame Dash sell Roc-A-Fella records..
 

It looks like it's the end of a dynasty.

After 10 years of releasing some of hip-hop's most influential records, Jay-Z, Damon Dash and Kareem "Biggs" Burke have sold their remaining 50 percent stake of Roc-A-Fella Records to its parent label,




Island Def Jam, a Def Jam spokesperson said.

The imprint was sold for $10 million, according to reports. As part of the deal, Island Def Jam will retain the entire Roc-A-Fella roster, including multiple-Grammy nominee Kanye West (see "Kanye Scores 10 Grammy Nominations; Usher And Alicia Keys Land Eight"), Memphis Bleek and Beanie Sigel.

Jay-Z has also been named president and CEO of Def Jam Records. As part of the deal, Jay will continue to run Roc-A-Fella. There's no word yet on whether or not he will be launching his own imprint, S. Carter Records, under the Def Jam umbrella.

As for Dash, it's not clear what his next move will be. However, the consummate businessman had said a few months ago that selling the label was something he was open to (see "Label Home Of Kanye, Jay-Z Closing? No Way, Insists CEO").

Jay, Dash and Burke recently renewed their contract with Def Jam for a reported $20 million. They brought Roc-A-Fella to the label in 1997 and sold the initial half-stake to Def Jam at that time for $1.5 million.

Roc-A-Fella Records launched in 1994 as an independent label. Its first full-length release was Jay-Z's 1996 debut, Reasonable Doubt

I got this information from MTV...

pretty dope.. jay z is now president.. signed foxy to 75 mil. shits getting crazy in the industry .. stupid move by damen he couldve made a life long cash extortion out of this.. biggs when honestly he was never in the picture he was like the donation no say just gimme the money..

damn owell they was pissy while they lasted

thats a rumor u fuckin nerd heads...roc-a-fella is an independent label anyway..they didnt have a partner, and they was never wit island def jam...they had partners bac in '96 to i think 2000...they finially became independent in 2001 when jay dropped the blueprint...go to rocafella records...they would have that shit stated in there somewhere if they sold tha record label...jay's not selling that shit, u dumb fuck...i seen this same article on tha net, but u didnt put tha part at tha end where they said its be a rumor

ROCAFELLA RECORD didnt even exist in 1994...and in '96 they was partnered...if u bought a rocafella cd anytime b4 2000, u would see on tha back that tha labels are posted there...and rocafella was never independent in that time...why would sumthin be independent, then partner with somebody..rocafella record is stable, they got tha clothing line, tha vodka, tha shoes, tha music, tha rock, and hella other shit

^lmfao its not a rumor they said it on mtv and on the radio that its confirmed.......get your facts straight before you start mouthin off to people...

and i made this thread like last week lol oh well
peace

thats a fact they did sell there share to Def JAm