Jay-Z will be having lots more time to spend with Beyonc� this New Year's, after it was announced Monday that he would be stepping down as president of Def Jam effective Jan. 1.
He took over the reins at the famed hip-hop factory in 2005, shortly after he announced his brief retirement from recording.
In announcing his departure, the 38-year-old hip-hop mogul said in a statement that it was time for him to "take on new challenges." - more on this story
Click here to read today's full report
Preview and Purchase Jay-Z CDs
Robert Plant, Yes and Willie Nelson Among Stars Coming to Ozarks Amphitheater
Live: Heart and Cheap Trick Rock Tampa
On the Blue: New Horizons Cruise Days 4 & 5: Starship Lands on the Pearl, Alan Parsons Takes It Home
Kandace Springs - Run Your Race
Steve Perry Reimagines Journey Classic With The Effect
Ritchie Blackmore Tributes Guitar Pioneer Duane Eddy
Cove Reber To Rock With Saosin For First Tour In 14 Years
Status Quo Share 'Paper Plane' From Official Archive Series Vol. 3
Marty Friedman Recruits Skylar Erna For 'Dead Of Winter' Video
Watch Sleep Theory's 'Gone Or Staying' Video
Tommy Emmanuel Share 'Morning Aire' Live Video From Remastered Endless Road
Singled Out: Tyler Del Pino's Wolf In The Hen House