Jay-Z + Def Jam = Over

The 39-year-old worked for Def Jam for a decade and once held the position of CEO.

"I can honestly say, working with [Island Def Jam's] Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely. I've been in the family for almost my entire career," told by Rap Radar.

Jigga confirmed to Rap Radar he is now "a completely independent artist" after buying out the remainder of his contract with Island Def Jam for a reported fee of $5 million.

With the move, the American Gangster album creator is now free to release The Blueprint 3 on his new Roc Nation label, the product of the 360 deal he signed with Live Nation in April '08, instead of Def Jam, according to Rolling Stone.

The Blueprint 3 has no confirmed release date.

However, songs like the Oasis-inspired "Jockin' Jay-Z," the Santigold-sampling "Brooklyn Go Hard" and the hit, "Swagga Like Us," were all reportedly destined for Blueprint 3 before the album's delay.