Is Jay-Z Getting Dropped By Label?

December 6, 2007 By:
Is Jay-Z Getting Dropped By Label?

Rumor has it that hip-hop mogul Jay-Z could be getting the boot from Def Jam soon.

Jay-Z's contract is said to expire at the end of this month and the rapper turned CEO is asking for A LOT of money.

"He wanted big, big money that was way out of sync with the realities of today's record business," a source says.

"Everybody knows he's not around the office much. Everybody at Universal loves him, but they can't justify paying him the money he wants when so many people have been laid off."

Jay-Z is in Paris with his longtime girlfriend Beyonce celebrating his 38th birthday but, "the talks will continue when he returns to New York. They still have a ways to go before a decision," said the source.

Its sounds like he's practically asking for the world in his next contract. Do you think he's worth it?