Home  
Pop Rap R&B Rock Country Latin Underground Reggae Electronic Elements Community
Jay-Z Closes $150 Million Agreement With Live Nation
Contributed by: Black widow
Source: sixshot.com
Posted on: May 2, 2008 08:10 MST
Filed under: Rap, Underground, Celebs

Jay-Z

Jay-Z's history making deal with concert promoter Live Nation was reportedly finalized yesterday (May 1).

As reported earlier, Jay-Z and Live Nation were negotiating a ten year $150 million deal which will finance the rapper’s record label, his upcoming tours and various endorsements and investments.

As part of the deal, Jay-Z would have to drop three albums during the 10 years.  Each advance for the albums will be $10 million.  The rapper’s current co-headlining tour with singer Mary J Blige is also part of the agreement.

Jay-Z will be splitting his profits with Live Nation.

According to Billboard, Live Nation filed a Form-8k with the SEC Thursday which states that Jay-Z will be getting 750,000 Live Nation shares, plus an option on an additional 500,000 with the exercise price of $13.73.

See Also:
WAIT... THERE'S MORE STUFF

Post to del.icio.usdel.icio.us Post to redditreddit Stumble It!Stumble It! Post to BlinklistBlinklist
  MORE STUFF


MTS Centre, Winnipeg - May 26, 2008


Trina Introduces Pink Diamond Clothing, Launches Website


Xzibit's Newborn Son Passes Away Suddenly


The Story Behind Kanye's "Flashing Lights"


Tony Yayo Doles Out Props To Lil' Wayne


Combs Turns Screenwriter


Festival Postponed Over 'Snoop Dogg Gang Violence'


Teenager Who Murdered Juvenile's Daughter Indicted

 

Home | Contact Us | Community | Privacy Policy | Terms of Service
Copyright 1995-2019 HipHop-Elements.com. All rights reserved.

 
legislative
legislative
legislative
legislative