Rumors have been circulating about Jay-Z and Beyonce getting married but the duo may have another partnership in the works. According to mediatakeout.com, Jay-Z will soon announce that he’s leaving his position at Def Jam to create a new label with Beyonce.

According to mediatakeout.com, a key person involved with the new label has said that it will launch early next year.

“It’s a done deal. Jay-Z already has Beyonce and Matthew Knowles on board,” said the source. “She’ll be finishing up her contract [with Sony], and I expect that she’ll sign on to the new label shortly afterwards