Though he's staying in the spotlight with an upcoming European tour, his own recently announced music festival in Philadelphia and a pending concert series to open up the new Barclays Center in his native Brooklyn, Jay-Z says he doesn't have plans to release new music anytime soon. In an interview with Billboard yesterday, the rap mogul said he's taking time off from recording to raise his infant daughter, Blue Ivy Carter.
"I thought I would be more inspired to have all these new feelings to talk about, but I really just want to hang out with my daughter," he said of taking a break from the studio. "I want to enjoy this time for what it is. I'm sure that bug to get back in the studio will come back at some point."
Jay was in Philly yesterday [May 14] for the announcement of his Made in America festival sponsored by Budweiser. The two-day event will feature performances by 28 artists from all different genres, each of which will be handpicked by Hov himself.
While the lineup won't be announced until next Monday, Jay said 70 percent of the artists had confirmed.
The hip hop mogul is currently en route to Europe with Kanye West for the European leg of the Watch the Throne tour. In a separate interview Jay said that recording of a planned sequel to that album had not yet begun.

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(Photo: AP Photo/Matt Rourke)