Jay-Z Lands $150 Mil Dollar Deal With Live Nation

Jay

So IPO Hov pulled off the impossible. In a musical climate where money is getting more scarce by the day Hov finds guap. NY Times reports Jiggaman is close to closing a deal worth a whopping $150 million dollar deal with music giant Live Nation. And the crowd goes wild because I had some serious doubts about this happening.

The deal answers a question that had been circling through the rap world for months: Where would Jay-Z take his next corporate role? As part of the arrangement, Live Nation would finance the start-up of a venture that would be an umbrella for his outside projects, which are expected to include his own label, music publishing, and talent consulting and managing. Live Nation is expected to contribute $5 million a year in overhead for five years, with another $25 million available to finance Jay-Z’s acquisitions or investments, according to people in the music industry briefed on the agreement. The venture, to be called Roc Nation, will split profits with Live Nation.


The overall package for Jay-Z also includes an upfront payment of $25 million, a general advance of $25 million that includes fees for his current tour, and advance payment of $10 million an album for a minimum of three albums during the deal’s 10-year term, these people said. A series of other payments adding up to about $20 million is included in exchange for certain publishing, licensing and other rights. Jay-Z said Live Nation’s consolidated approach was in sync with the emerging potential “to reach the consumer in so many different ways right now.” He added: “Everyone’s trying to figure it out. I want to be on the front lines in that fight.”

12 Responses to “Jay-Z Lands $150 Mil Dollar Deal With Live Nation”

  1. Trose Says:
    April 3rd, 2008 at 3:03 am

    What you about to witness is big business kid…

  2. Whoa! Says:
    April 3rd, 2008 at 3:08 am

    Never expected anyone to actually get a deal like this done with Jay. Not for the dollar amount and not this quickly. It baffles me actually….Lets see what kind of mutated rabbits this dude pulls outta his Yankee fitted next….geez

  3. Goat Says:
    April 3rd, 2008 at 3:10 am

    I’ma bout to start rapping

  4. S.T.K1981 Says:
    April 3rd, 2008 at 11:32 am

    Hey Jay can I get like 300 dollars…my Sprint bill is crazy…

  5. Client 9 Says:
    April 3rd, 2008 at 11:46 am

    Damn, dude is a money magnet.

  6. The Wow Jones Report Says:
    April 3rd, 2008 at 1:48 pm

    We’ll see how this all shakes down. Sounds nice though.

    –The Wow Jones Report

  7. S. Mathis Says:
    April 3rd, 2008 at 2:07 pm

    Damn, 150 million and you get to marry BEYONCE. GOD must be a JAY-Z fan.

  8. Reason Says:
    April 3rd, 2008 at 3:57 pm

    Just watch & see how all those old Roc figures start coming back into focus. Don’t be surprised if Dame & Biggs magically pop back up in a few business ventures. Let us watch……

  9. Mindy Marin Says:
    April 3rd, 2008 at 7:41 pm

    Apparently continual success is in the cards for Mr. Carter. Coincidentally 2008 is the year of new beginnings. This was definitely the most opportune time for this to happen. Can’t wait to see what comes of this.

  10. S. Mathis Says:
    April 3rd, 2008 at 8:21 pm

    Mindy sounds like a regular attendant of Dr. Bernard’s sessions.

  11. BKNI99A718 Says:
    April 4th, 2008 at 4:07 am

    …..PUT ME ANYWERE ON GODS GREEN EARTH IMMA TRIPLE MY WORTH…MOTHAFUCCA…I WILL NOT LOSE!!!!

  12. Mindy Marin Says:
    April 4th, 2008 at 12:46 pm

    LOL..why I can’t get my big word on, S dot..?

    (yeah I been to “a few” of them ;-)

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