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April 02, 2008

ROC NATION: Jay-Z and Live Nation in $150 million deal...

New York Times | Read Full Story >

Jay-Z plans to depart his longtime record label, Def Jam, for a roughly $150 million package with the concert giant Live Nation that includes financing for his own entertainment venture, in addition to recordings and tours for the next decade. The pact, expected to be finalized this week, is the most expansive deal yet from Live Nation, which has angled to compete directly with the industry’s established music labels in a scrum over the rights to distribute recordings, sell concert tickets, market merchandise and control other aspects of artists’ careers.

[...]

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.”


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9 Comments

#1 JAHWA!!!! says:

JESUS CHRIST ALREADY... FUCK LIVE NATION!!!!

***URSA MAJOR***

#2 I want to help the poor says:

But where's my fat check first?

#3 brother mayhem says:

can't wait for Jay Z to retire again because the prospects of a 48 year old rapper are not pretty

#4 pendulum says:

I'm shifting!

#5 Jordan Catalano says:

Um, what's wrong with a 48-yr old rapper? The effing Rolling Stones are 100, and Madonna's turning 80 next year. I mean, who are you going to listen to when you turn 40? Some 20-year-old Robutussin junkie rapping about cocaine rainbows? Please. Jay is all about grown folks business. An inspiration in the ocean of lameness that most commercial hip-hop has become. STILL the greatest rapper alive, and a savvy businessman. Respect.

#6 double RR frm boston says:

jay-z is a great business man. by far the greatest rapper and will continue to make great music. if people could understand his lyrics that dont consist of doing the latest dance then every1 would be more appreciative

#7 samuel johnson says:

get that gwop jay.....and fuck these other haters and kik that ill shit you be spittin..They DONT UNDERSTAND YOU so they hate on your game....but your playin it the same way biggie and tupac would be playin it if they were alive..R.I.P... Be that M.C hustla you Are....New York Stand Up

#8 A.x says:

What can I say but jigga u the man...this nigga been making major moves since 88.....this is just another deal to add on to the millions....get em jay!!!

Holla!!!!

#9 THA MISSES says:

Being a rapper, I think the deal is good for Jay Z & the Music Industry. Music sales are lagging, but a new company with new innovative ideas, such as the company Jay signed with, should help toward bringing the industry back to profitability.


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