Is Def Jam drowning in debt? Rumor has it that the label is 100 million dollars in the hole, and that it needs to put out some mega-selling records ASAP in order to make up its losses. I guess now we know why that Janet Jackson video had such a low-budget feel to it! [MahoganyGirl.com via ProHipHop]
January 9th, 2008 // 1 Comment
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“I’m rapin’ Def Jam ’til I’m the hundred million man”
- Jay-Z, “U Don’t Know”