Jay-Z has officially severed ties with Def Jam Records.

In an interview with RapRadar.com, the artist confirmed reports that he has ended his relationship with the record company where he made most of his biggest hits and went from rap artist to president.

“I can honestly say, working with Doug Morris and LA Reid has been a unique and fulfilling experience and I respect them immensely,” Jay-Z says. “I’ve been in the family for almost my entire career. Doug and I spoke directly and had one of the most unique ‘negotiations’ ever. Doug won the toss but, we both won in the end.”

Jay added, “I thank him for allowing me to be a completely independent artist. Not every artist can say they own or are given the opportunity to own all of their music.”