SEATTLE (Hypebot) – The blogs are buzzing with a rumor "confirmed" only by Boy Genius Report that rapper and mogul Jay-Z is starting a record label backed by Apple. Jay-Z just left his job as head of Def Jam and some rumors point to a clause in his contract there that would allow him to buy out the contracts of some of the artists that he signed. Other rumors point to Beyonce joining him at the new label.
How does the story bear up under closer scrutiny?
On the side of this rumor being true:
On the side of the rumor being false: