Def Jam Recordings, U.S. – Part Two
At the end of Part One we described how Rick Rubin had parted company with Def Jam Recordings in 1988 after an internal power struggle, leaving Lyor Cohen as president. Cohen oversaw a period of creative genius but the company still struggled financially. In the years that followed the beginning of his presidency, Def Jam released material from EPMD, LL Cool J and more stuff from Public Enemy – all big sellers – but by 1994 the company was on the verge of collapse.
At this point Polygram stepped in, buying Sony’s 50% stake in the company. Having therefore been saved from bankruptcy, Def Jam was given the distribution deal for Warren G’s massive selling Regulate…G Funk Era, further strengthening its finances. In this manner Def Jam continued to operate on a firm financial footing, releasing more platinum-selling records by LL Cool J and Foxy Brown until in 1998 Polygram itself was purchased by Seagrams, an enormous Canadian corporation looking to branch out into the entertainment industry. Polygram was merged into Seagrams new purchase – Universal Music Group and the other original co-founder Russell Simmons was persuaded to sell his remaining stake in the company for a reported $100 million.
The remainder of the 1990s saw an expansion of Def Jam into new styles – for example Def Soul Records was spun off from another of Universal’s labels, Island Records, as an R & B label, featuring artists such as Dru Hill and Patti LaBelle. This period also saw the immensely successful signing of DMX, an artist who somewhat revived hardcore hip hop. In 2000 Def Jam South was formed to focus on rappers from the American South and in 2003 Def Jam Germany opened up to force it’s way into the German market. Similarly Def Jam Japan opened its doors soon after.
Despite being owned by a giant corporation, Def Jam still seems to experience peaks and troughs although its finances now are much more secure. It’s still an innovator but it’s unlikely we will see the like of Public Enemy or EPMD again.
http://www.youtube.com/watch?v=BaRyITQULV0
EPMD’s Strictly Business