After a long association with record label Def Jam, Jay-Z has signed on with Sony, said a source at Billboard magazine.
According to knowledgeable sources of the current negotiations, the agreement, linking Jay-Z’s label Roc Nation with Sony’s Epic Records, is 95% complete.
Last week, Jay-Z announced the end of his contract with Def Jam, his home for the last 10 years, where he was also CEO from 2004 to 2007.
The rapper, who is married to Beyonce Knowles, will not however be joining Columbia Records, which also belongs to Sony.
Last year, Jay-Z founded Roc Nation in partnership with Live Nation.