As previously reported, Jay-Z has inked a distribution deal with Sony for his Roc Nation label, the Brooklyn-born rapper confirmed to Billboard last week.
"Sony is Roc Nation. That's where Roc Nation's going through," Jay-Z told Billboard on Friday (June 29).
As for the deal he recently signed with Atlantic, he clarifies that it is a one-off situation for his upcoming album, "Blueprint 3," slated for a September 11th release.
"That's pretty much just for this specific album. Roc Nation -- we're experts in marketing and making records. But we do distribution deals," he says. "On this one, we're working directly with the Atlantic staff, which is Julie [Greenwald], Lyor [Cohen], Kevin [Liles] and Kyse [Mike Kyser]. For the rest of the Roc Nation artists, we did a distribution deal with Sony."
Jay-Z also told Billboard he originally approached Def Jam with the same distribution deal idea four years ago, but was shut down. "You have to figure, this is like four years ago, and to them it was just like, 'Are you crazy? No! Make a song!'" he said. "To me it was like, I've sold companies for huge amounts of money. I'm an entrepreneur -- that's what I've been all my life. I can't just sit here and make records and not do anything else. Why wouldn't you want to do this with me? I felt under-utilized."
When his Def Jam contract was nearing expiration and he had one last album to release with the label (in this case, "Blueprint 3"), Jay-Z opted to buy himself out of the contract for a reportedly $5 million price tag.
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