The Island Def Jam Music Group acquires remaining 50% of Landmark Urban Label Roc-A-Fella Records

NEW YORK (The Island Def Jam Music Group/ Universal Music) - The Island Def Jam Music Group, a division of Universal Music Group, the world's leading music company, has acquired the remaining fifty percent of Roc-A-Fella Records, it was jointly announced today by Antonio "L.A." Reid, Chairman of The Island Def Jam Music Group, and the three principals of Roc-A-Fella Records, Shawn "Jay-Z" Carter; Damon Dash, and Kareem "Biggs" Burke.
Def Jam had first entered into a joint venture with Roc-A-Fella in 1997.

World-renowned Roc-A-Fella Records has been home to many of rap and hip-hop's chart-topping voices, including Jay-Z, Kanye West, Beanie Sigel, Cam'ron, Memphis Bleek, Juelz Santana, and others.
"This is truly historic and cause for celebration," said Mr. Reid. "The artists and staff of Roc-A-Fella have worked diligently for a decade to establish the label as the premier voice in hip-hop, from both a cultural and commercial point-of-view. Today, Roc-A-Fella boasts one of the most important and listened-to artist rosters on the planet, and is blessed with a deep catalog whose message has never gone out of style. We look forward to growing the Roc-A-Fella brand and expanding the roster in the years ahead."