Hip-Hop Rumors: Will Russell Simmons Take Back Def Jam?

Russell Simmons' very own Global Grind is reporting major news this afternoon. After a 12-year absence, Simmons is set to return to Def Jam as its new President and CEO and will bring in his brother, Joseph Simmons, also known as Rev. Run, as Senior Vice President of Artist Development...

Simmons created the record label back in 1984 with Rick Rubin. Years later Universal, purchased the label for nearly $100 million, according to Newsweek. At the time, it housed many fantastic artists, including Jay-Z, Run DMC and others.

Upon his return, Simmons will be in charge of a stellar list of artists, including Kanye West, Rihanna, Ne-Yo and The Dream.

It seems like with spring in the air, lots of companies are cleaning house and making changes -- let's hope this one is for the best. Remember just weeks ago LA Reid announced his departure from Def Jam.

Tags: Def, Jam, Russell, Simmons

Comment by Cool C on April 7, 2011 at 11:48pm: Thank God LA gone now jeezy can come out

Comment by Will Buruca on April 8, 2011 at 4:55am: thatz wat i was saying....now get ready 4 103 to drop...hell yeah

Comment by grownbootytube on April 8, 2011 at 1:37pm

Comment by Santo "masquetu" Domingo on April 10, 2011 at 1:24am: Its a good look, but Russell dont "OWN" DEF JAM...Universal do sooo i guess its still Universals choice of what gets shelfed and what dont.