Island Def Jam CEO Barry Weiss Say Label Is 'On Fire,' Not Broke

After TheWrap.com columnist Johnnie L. Roberts released a story days ago stating that Hip Hop powerhouse record label Island Def Jam is ailing, the label’s chairman and CEO bared his claws saying that the home that college buds Rick Rubin and Russell Simmons built in the 80s is stronger than ever. In a recent interview, the record exec responsible for signing some of Hip Hop’s most notable acts squashed all rumors in an intense rebuttal to refute claims of Def Jam’s failure.

Website Global Grind caught up with Barry Weiss and his response to the claims was full of bravado and confidence that the label has flourished, contrary to The Wrap’s report. "I don't know what the f--k they're talking about. Def Jam is not broke, it's on fire!! We just did a deal with Kanye's G.O.O.D. Music and Big Sean's album is a great success and will continue to garner a lot of attention,” said a fired-up Mr. Weiss. He added, "Kanye and Jay-Z's Watch The Throne has the whole world buzzing. Jeezy got an album coming out and his show last night in NYC has the whole industry excited. Rihanna just ended her amazing tour of her amazing album. Frank Ocean is on the verge of super stardom."

Barry Weiss continued to list the label’s achievement over the past few years, naming Maybach Music Group chief Rick Ross as being a huge part of recent successes for the record company. The Def Jam boss also said that the company is in search of a viable candidate to help lead the Universal Music Group owned entity. Barry Weiss made sure to hammer his point home by ending with a quote that read, “But, let me be clear, Def Jam is on fire.”

Interscope artist 50 Cent took a jab at Def Jam two weeks ago regarding the status of the label's financial affairs in an interview with MTV News. Fif claimed that Def Jam is, "$80 Million dollars in the hole," based on 50's retort to rumors that his G-Unit foot soldier Lloyd Banks was moving to sign with Def Jam.

What do you think of Barry Weiss and his claims that Def Jam is here to stay? Tweet to us at @MTVRapFix or leave us a comment below.