Jay-Z just confirmed to RapRadar that he bought back the last remaining record on his Island/Def Jam deal for $5 million.
"I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely. I've been in the family for almost my entire career.
Doug and I spoke directly and had one of the most unique "negotiations" ever. Doug won the toss but, we both won in the end..
I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music."
It looks like his upcoming album, Blueprint 3, will be coming out under the joint venture he has between his Roc Nation and Live Nation.