The musician's contract expires at the end of this week, and he does not intend to renew it.
In a statement made by the singer, he said that will continue to cooperate with the label as an artist: according to the contract - he owes Def Jam Records two more album.
Jay-Z is recognized as one of the most successful managers in the music industry. During his leadership at Def Jam Records were started the careers of a number of young artists, such as Kenny West. But to Jay was criticized too: novice musicians complained that the president was so busy advancing his own music, that was not paying them any attention.