Jay-z To Sign Live Nation Deal?

Subscribe to Jay Z alerts

Rapper SHAWN 'Jay-Z' CARTER is to follow in the footsteps of Madonna and U2 by signing a multi-million dollar (pound) deal with concert promoter Live Nation. The star is reported to be on the verge of putting his name to a 10-year contract with the company, which would see Live Nation cover the star's music and music-related businesses for the next decade. Carter would be forced to leave current label Def Jam - of which he was formerly president - to commit to the new deal, although he still owes the label one studio album. He would receive a $25 million (GBP12.5 million) upfront payment from Live Nation, plus payments of $10 million (GBP5 million) per album for a minimum of three albums and $25 million (GBP12.5 million) toward concerts and tours - and would part with a further $20 million (GBP10 million) in exchange for publishing, licensing and other rights. It is also thought Live Nation will commit $50 million (GBP25 million) to Carter's investments and Roc Nation, his entertainment venture encompassing his own record label, music publishing, consulting and management projects. Madonna signed an historic deal with Live Nation last year (07), rumoured to be worth $120 million (GBP60 million), while U2's 12-year deal with the promoter was announced earlier this week (begs31Mar08).


Tags: Jay Z - Madonna - U2

Subscribe to Jay Z alerts

More Jay Z

Jay-Z & Beyonce Reportedly Lose Bidding War As Beverly Hills Mansion Sells For Record Breaking $70 Million To Minecraft Creator Markus Persson

Sorry Queen Bey, you may be music royalty but you've been dethroned in the world of real estate and the palace you so sorely wanted...

Solange Knowles Weds Her Long-Term Love

Superstar soul singer, Solange Knowles, 28, married her fiancé of five years, video director Alan Ferguson, 51, in New Orleans on Sunday, November 16. Close...

Solange Knowles Married Alan Ferguson In New Orleans And It Was Cheesy And Awesome

Love is in the air for Solange Knowles and Alan Ferguson, who just tied the knot this weekend in front of about a hundred of...

Rick Ross - Movin' Bass Feat. Jay Z (Explicit) Video

With the upcoming release of Rick Ross' album 'Hood Billionaire' on 24th November 2014, the rapper has teamed up with Jay Z to bring the...


Jay Z Purchases Popular Champagne Brand Armand de Brignac 'Ace of Spades'

Rapper Jay Z is building quite an impressive business portfolio and he recently added a new addition, which just so happens to be the 44...

We Defy You To Keep A Straight Face With Sia's Rendition Of 'Annie' Song 'You're Never Fully Dressed Without A Smile' [Video]

If anything's going to cheer you up today, let it be the heartwarming video for Sia's rendition of 'Annie' song 'You're Never Fully Dressed Without...

Musicians, Celebrities And World Leaders Unite To Fight Poverty At Global Citizen Festival

So there’s SXSW for the hipsters, Coachella for the fashionable crowd… and then there’s the Global Citizen music festival, which has a different vibe altogether....

HBO's "On The Run" Special Has Us Teary-Eyed And Loving Everything About The Carter Family

Yes, yes, yes, yes, yes. Beyonce and Jay Z’s On The Run special on HBO was everything we wanted it to be and more. The...



Jay Z Newsletter

Subscribe to this news alert service to receive news and reviews on Jay Z

Unsubscribe | Unsubscribe All