There is an interesting rumor floating around this morning that I think is worth discussing. Not so much because of the validity of the sources, because they have no history of being reliable, nor any solid confirmation – BUT – I think the rumor poses an interesting question.
The rumor is that Jay-Z, current CEO of Def Jam records, is going to leave Def Jam, and form a “super label” with Apple.
Whether there is any validity to that or not is anyone’s guess, but Apple would have the ability to do this since winning the lawsuit with Apple Corps.
So, rumor aside, the question is…should Apple get into the music business?
With iTunes, iPods, and iPhones basically ruling all in the digital music domain I can see where this idea might be appealing to Apple (especially since they would probably like to actually make some money off of all those iTunes sales), but it seems to me that this would be a bad move that would only serve to further alienate the record labels from iTunes. Now, those labels, in my opinion, don’t have much of a choice as far as being in iTunes is concerned (I mean, show me another digital music store that has even come CLOSE to iTunes sales), but Apple could find themselves in a position that is a huge conflict of interest if they choose to go down this route at some point in the future.
Does anyone see a way where this could be a good thing for Apple and iTunes? To me, the entire concept is creeping with problems that might be more trouble than they would ultimately be worth.