"She used to million dollar vacations what the f*** ya'll gone do with that." Well Jay wasn't lying when he put that verse down on "Party Life." And now B can get 2 million dollar vacations...hell maybe 3 or 4. According to the New York Times and the Wall Street Journal, Jay-Z maybe be making a $150 million dollar deal with Live Nation Inc.
In the 10 year deal, Jay-Z would get a $25 million upfront payment, plus advance payments of $10 million per album for a minimum of three albums and $25 million toward concert tours. Live Nation would also pay $20 million in exchange for publishing, licensing and other rights.
Additionally, the company is expected to commit $50 million to finance Jay-Z's investments and entertainment venture, Roc Nation, which is rumored to include a record label, music publishing, talent consulting and managing projects.
"I've turned into the Rolling Stones of hip-hop," Jay-Z told the Times.
He sees the deal as a way "to reach the consumer in so many different ways," and wants "to be on the front lines in that fight."
~The only thing that bothers me is that he's giving up his publishing, licensing and other rights...Now those are some of the most lucrative rights that an artist has to his songs...while they're paying him $20 million up front they can take just ONE song from a future album and make that $20 million back in 5 minutes if they own his publishing and licensing rights. That part of the deal sounds good for a Soulja Boy but not for an artist who has established himself the way that Jay has...Just my thoughts~
Thursday, April 3, 2008
Jay-Z Maybe the $150 Million Dollar Man
Posted by America's TOP Bloggers at 6:04 PM
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