Jay-Z To Sign 50 Cent, Beyonce & Janet Jackson?

Jay-Z is looking to sign both Janet Jackson and 50 Cent to his new label, say reports.

According to Mediatakout.com, the hip-hop entrepreneur also has his eyes on a batch of artists, including his wife Beyonce and Jermaine Dupri.

The site says an industry insider told them: "Jay Z approached 50 Cent earlier this year and now he's talking to Janet and Jermaine Dupri... It seems like a difficult task to get so many big artists under one roof, but I wouldn't put anything past [Jay Z]."

Jackson parted ways with her label Def Jam this week and 50 Cent ends his contract with Interscope in December, when he releases his new album 'Before I Self Destruct'.