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2350.gifIs 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]

 
By Maura at 9:30 AM on Wed Jan 9 2008
Posted to:
  • Julio Allison

    "I'm rapin' Def Jam 'til I'm the hundred million man"


    - Jay-Z, "U Don't Know"

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