UPDATE (8:03 pm): In an official press release, Def Jam confirmed that Paul Rosenbeg has stepped down from the label to launch Goliath Records, a new joint venture with UMG, while also remaining the principal of Goliath Artists and president of Shady Records. The company further revealed that Jeffrey Harleston -- Universal Music Group's general counsel and executive vp of business & legal affairs -- will serve as interim chief of the label in his stead. Additionally, the company announced that Universal Music Group senior vp of A&R Naim McNair will expand his responsibilities by taking on the role of senior vp of A&R at Def Jam. Rosenberg will continue to serve as a consultant to Def Jam on its legacy artists.
The Paul Rosenberg era at Def Jam Recordings is coming to an end.
Billboard has learned that Rosenberg will be stepping down as chairman and CEO of the legendary label in order to concentrate on his management company Goliath Artists -- where Rosenberg has helmed Eminem's career for more than two decades -- and Shady Records, a joint venture with Interscope in which he and Eminem are partners.