Finalists for the Billboard Music Awards 2011
RIHANNA IS A FINALIST IN 18 CATEGORIES
Top Artist, Top Female Artist, Top Hot 100 Artist, Top Hot 100 Song, Top Social Artist, Top Digital Media Artist, Top Digital Songs Artist, Top Digital Song, Top Radio Songs Artist, Top Radio Song, Top Streaming Artist, Top Streaming Song (Audio), Top Streaming Song (Video), Top R&B Artist, Top R&B Song, Top R&B Album, Top Dance/Electronic Artist, Top Rap Song

Rihanna is now under Jay-Z's umbrella.

The Grammy-winning pop singer has parted ways with manager Marc Jordan and is now being managed by Jay-Z's Roc Nation Management.

Rihanna: The Billboard Cover Story

Rihanna told The Associated Press in a statement Wednesday that she's "so excited to take this next step in my career."


The 22-year-old is also launching a new company called Rihanna Entertainment. She says it will "merge all of her businesses, including music, film, fragrance fashion and book ventures."

Photos: Rihanna's Fashion Evolution

Jay-Z signed Rihanna to Def Jam in 2005. The two won a Grammy in 2008 for the hit song "Umbrella." Earlier this year, the pair picked up two Grammys for the rap song "Run This Town," which also featured Kanye West.

She's released four albums and plans to release her fifth CD, "Loud," on Nov. 16.

© 2010 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.