Gossip columnists Rush & Molloy are reporting that Jay-Z’s next venture after leaving his CEO chair at Def Jam will be launching his own record label, dubbed Carter Music Group. The new label’s first rumored release? R&M says Jigga will allegedly collaborate with Nas, who has his own album problems, on a record called The Kings of Hip-Hop. Bob Dylan has recruited Jack White, Willie Nelson, Lucinda Williams and more to record unfinished Hank Williams songs for an upcoming compilation. Common has his 2008 all planned out: the rapper will release his Invincible Summer EP in June, followed by the full-length The Believer later in the year. Common will also participate in an ad campaign, along with Billie Joe Armstrong, Karen O and others, to celebrate one hundred years of Converse shoes.With his stretch of Madison Square Garden shows with Eric Clapton set to launch tonight, Steve Winwood announced that his new album, titled Nine Lives, will hit stores April 29th.
