In fact, hip-hop cultures rapper/producer Kanye West led the Grammy pack yesterday, receiving 10 nominations including one for Album of the Year for "The College Dropout" and Song of the Year. It gives Island Def Jam complete ownership of Roc-A-Fella who has provided them with some of its biggest selling stars, including Kanye West. The Roc-A-Fella Records buyout is valued at about $10 million dollars. At least 10 were handed pink slips late last week, sources said. Island Def Jam and Jay-Z declined to comment.īut while Island Def Jam is celebratiog, Roc-A-Fella employees are getting pink slips. The recording company run by Antonio (L.A.) Reid, has acquired the remaining 50 percent share it didn''t already own in Jay-Z's rap label, Roc-A-Fella Records, music sources have said. After being nominated for 28 Grammys yesterday, Universal Music's Island Def Jam has one more reason to celebrate.
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