Super Label in the Works For Apple?
With unconfirmed reports that rapper and CEO of Def Jam Jay-Z will leave his current label with lady friend Beyonce and start a super label with Apple Inc. (NASDAQ: AAPL), could the company be positioning itself at the forefront of music's next generation?Although the musical stylings of Mr. Z may not be flowing out of your speakers on the way home from the office today, his success in the music world can not be contested.
With the release his new album entitled "American Gangster", which was inspired by Denzel Washington's box office hit "American Gangster" Jay-Z will likely soon lay claim to 10 number one albums on the billboard charts.
Like it or not, between his Rockafella clothing line and hit records, Jay-Z is a cash machine and a voice that has the youth hanging on his every word. If by chance, the rumors are true, we could see a huge power and revenue shift in the record industry.
Just food for thought. Although Apple may be priced a bit high right now for my liking, a few deals such as the one mentioned above could propel the company and its stock even higher.
Labels: American Gangster, Apple, Jay-Z
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