Addressing rumors that he was no longer going to be on Def Jam, Jay-Z went on Hot 97 last Friday and said he would like to remain on board.
"My three-year contract is up soon," he said. And though he hasn't renewed yet, he says he wants to. As for why his name has popped up in connection with Columbia, he opined, "I guess Rick Rubin is [at Columbia] and we've got a relationship. But I haven't talked to Rick since he started at Columbia. I called him to say congratulations. But I've learned to it's leave the possibility open. Sometimes rumors spark real things."
Jay-Z also stated he did not plan to make a new album soon, although we've all heard that one before. Regarding the upcoming September 11 showdown between his artist Kanye and 50 Cent, Hov had this to say:
"It's great for retail, the record business, the buying public [and] the Internet so they can have their debates on who's going to win," he said. "I have to bet on the home team. It's going to be a good fight, too."