Jay-Z and Apple to form Record Label?

Say it isn’t so, but the BGR (BoyGeniusReport) says it is:
- …we’ve just about confirmed it. For those that don’t know, Jay-Z left Def Jam as President last month, … we just heard that Jay-Z is launching a record label with Apple. … This is from a high-up person attached to Jay (no, not who you’re thinking), and it’s said to be a go! Jay is supposedly totally into the business model, and really wants this to happen.
Hrm. Hrm. Hrmphf!
I dunno about this, but as incredible as it sounds, this could totally work. Apple has been trying to establish a firm bargaining chip with the music industry for a while, since Record companies have been bucking with DRM and song costs. This isn’t the first time that Hip-hop and Apple have been mentioned together, either. Remember that story about the 50-Cent inner-city budget mac? Yea, didn’t think so.
Tags: Apple, Jay-z, Music