First things first... HAPPY NEW YEAR!!! We hope everyone had a great 2007 and is ready to make 2008 the best year ever! This year, we promise to keep hitting you with what's new and hot in the worlds of music, fashion and entertainment. Now that that's out of the way...

Have you guys heard that Jay-Z, who recently relinquished his post as president of Def Jam Records, is poised to start his own record label with media powerhouse Apple, Inc.? Well, nothing is confirmed yet - but the rumor mills are turning and the web is buzzing with excitement. Check out the clip below and see for yourself...

What a way to start off 2008!

Labels: Gossip, MEDIA