Its first full-length release was Jay-Z's 1996 debut, Reasonable Doubt. Roc-A-Fella Records launched in 1994 as an independent label. 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. Jay, Dash and Burke recently renewed their contract with Def Jam for a reported $20 million. 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"). Carter Records, under the Def Jam umbrella.Īs for Dash, it's not clear what his next move will be. There's no word yet on whether or not he will be launching his own imprint, S. As part of the deal, Jay will continue to run Roc-A-Fella. Def Jam still operates with its original name but under the bigger umbrella. Jay-Z has also been named president and CEO of Def Jam Records. Rubin-founded record label Def Jam to Universal for a reported 100 million. 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. The imprint was sold for $10 million, according to reports. 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. Founded in 1983 by Rick Rubin and Russell Simmons, Def Jam is one of hip-hop’s most iconic record labels, having released classic albums by LL Cool J, the Beastie Boys, Public Enemy, Method Man.
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