- Home
- Business & Marketing (546)
- Editorials (327)
- Entertainment (1948)
- Fashion (874)
- Highbrid (167)
- Honeys (1929)
- Humor (870)
- Music (4736)
- Need to Know (1829)
- News (1319)
- Podcasts (4)
- ARCHIVE
Friday, May 2, 2008 | 9:56am
BUSINESS MATTERS: Jay-Z and Live Nation Officially Sign Deal
We break down the record $150 Million contract
Billboard.biz is reporting that the rumored Live Nation/ Jay-Z 360-degree deal has been signed, sealed and delivered.
According to the report, Live Nation filed forms with the SEC which handing over 750,000 Live Nation shares, plus an options on an additional 500,000 more. The deal marks the formation the joint entertainment venture company, Roc Nation LLC. The unprecedented $150 million coup includes Roc Nation, as well as the rapper’s own recordings and tours for the next 10 years.
Ok kids get your calculators out. Live Nation will reportedly contribute $5 million each year to cover overhead costs for the next five years…you know bentley’s, rolley’s, cribs in the Hamptons. Another $25 million will go toward financing Jay-Z’s external acquisitions and investments, sponsorships, etc. Plus Jigga will get another $10 million per album on a 3 album deal. Jay-Z will also receive another $20 million for other rights including publishing and licensing just to make it all fair. Live Nation is ofc ourse getting the goods also, don’t sleep. The ends they’re seeing off the back of the sold out Jay-Z/Mary J. Blige tour makes them feel real good about signing on the dotted line.
UPDATE: Lyphe (Highbrid Nation since 2006) actually audited my math and noticed there is $50 mill missing. The overall package for Jay-Z also includes an upfront payment of $25 million and a general advance of $25 million that includes fees for his current tour accounting for the missing dough. (The New York Times)
FILED IN Business & Marketing, Entertainment, Fashion, Music
10 Comments »
Trackback responses to this post
- Jay-z » BUSINESS MATTERS: Jay-Z and Live Nation Officially Sign Deal
[…] Juan "S. Stylus" Perez wrote an interesting post today on BUSINESS MATTERS: Jay-Z and Live Nation Officially Sign DealHere’s a quick excerptAnother $25 million will go toward financing Jay-Z’s external acquisitions and investments, sponsorships, etc. Plus Jigga will get another $10 million per album on a 3 album deal. Jay-Z will also receive another $20 million for other … […]
- » 50 Poised to Ink ~$300M Fox/Myspace MegaDeal | Highbrid Nation | Because Knowledge is Power
[…] to Jay-Z’s behemoth pact with Live Nation, 50 will tie up a large partion of the loot in stock options making him the one of the largest […]
- » Jay-Z Starts Another Label, StarRoc? | Highbrid Nation | Because Knowledge is Power
[…] trying to do. He still has stake in Rocafella, We’ve reported in the past that he’s hooked up with Live Nation to create Roc Nation and now this? It seems like Jay-Z is less concerned about creating a solid and profitable business […]
- » Beyonce on Cover of Forbes ‘Celebrity 100′ Issue. | Highbrid Nation | Because Knowledge is Power
[…] cash he did take a pay cut from the $82 million he brought in a year ago due to the top-heavy 10-year, $150 million deal with Live Nation last April. His year highlights include his groundbreaking appearance at the U.K.’s Glastonbury Festival […]
WE TOLD YOU SO: Ticketmaster and Live Nation Announce $2.5 Billion Merger
Last week we told you that our sources were indicating that Ticketmaster and Live Nation were be
Janet Jackson Rumored To Sign With New Live Nation Conglomerate
Rumor has it Janet Jackson has negotiated a deal with the newly dubbed Live Nation Entertainment
Jay-Z set to Ink New Deal
The NY Times wrote an article saying that Jay-Z is set to Leave Def Jam and ink an $150 million do
BREAKING NEWS: Live Nation/ Ticketmaster Merger Imminent
Live Nation and Ticketmaster are reportedly very late in negotiations on a proposed merger pendi
Free Mixtape: Excess Bangers 33 - CAGE OPEN
Alchemist, Travis McCoy, Lil’ Wayne, Consequence, Kanye West, John Legend, Joell Ortiz, Styles P, Raekwon, NORE, Camron, Vado, Havoc, Alley Boy, Gucci Mane, Slaughterhouse, The Undergods, Keith Murray, Canibus, Young Buck, 8Ball, MJG, Currensy, The Alchemist, Smitty, Paul Wall, Novel, Papoose, Rock City, Billy Blue, Akon, Immortal Technique, Prinz, Jadakiss, Makaveli,
The Game The Latest Artist Rumored To Play B.A. Baracus in New A-Team Flick
I see why John Singleton bounced from the project. Too much drama
50 cent ? of the day Advertising Barack Obama beef beyonce black history busta rhymes Chris Brown Ciara death Def Jam Diddy doo doo Eminem Fashion Fat Back Fat back award first look G-Unit Hip Hop Honeys image of the day Jadakiss Jay-Z Jim Jones Kanye West Lil Wayne Ludacris Mariah Carey Marketing midnight ecstasy Money Music Nas nba ne-yo New Audio Nike Presidential Election Racism Rick Ross Rihanna Styles P T-Pain T.I. The Game Vote Young Buck Young Jeezy
I think Live Nation made a bad deal here with Jay-Z and also Madonna. They obviously were going after established stars but I think they have ended up with two stars who are a bit over the hill. I have no doubt Jigga will be making headlines for at least a couple more years but I think its already downhill for that guy. He’s 40 now, I don’t see him being a big player at 50.
ridiculous
Honestly I can’t see Hov rapping for 10 MORE years, but I can see him having his hand in a lot of quality acts like he had a Def Jam (Ne-Yo, The Dream, etc). More power to him on that deal tho.
Like the article said…he’s only got 3 more albums but his marketability is endless. Jay is now synonymous with Hip Hop as far as white corporate executives are concerned. He sells product and even though he’s getting older…he’s always been older than his target. Never stopped him before.
im still confused what is roc nation
its a joint collaborative partnership…his label.