For some time now, I’ve heard various rumors about Jay-Z (and Beyonce) possibly teaming with Apple to form some type of new age record company. Interesting move, endless possibilities, I thought, but at the end of the day I knew better than to “hold my breath” on such a thing. Well here were are now, and once again this rumor has made its way back to the surface, this time it looks like it may have some legs to stand on though. BGR reports that a source very well connected with Hov, has revealed to them that a deal involving Apple is indeed on the horizon. The exact details are still unclear at the moment, so whether or not this will be a simple partnership or something a lot heavier still remains to be seen. Again, I’m taking this with a grain of salt, but Hov is stepping down from his leading role at Def Jam, and well…let’s just wait and see.

This one’s been floating around like a hot air balloon, but we’ve just about confirmed it. For those that don’t know, Jay-Z left Def Jam as President last month, and everyone’s been talking about where he’s heading. While this might be one of his many other venutures, we just heard that Jay-Z is launching a record label with Apple. No, Beyonce will not be formally attached. This is from a high-up person attached to Jay (no, not who you’re thinking), and it’s said to be a go! Jay is supposedly totally into the business model, and really wants this to happen.

[via BGR]