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April 3, 2008

Jay-Z Inks A Deal With Live Nation For $150 Million

Jay-Z’s race to billionaire status continues. The New York Times is reporting that Hov is currently finalizing a deal with Live Nation worth $150 million dollars. Read part of the article below.

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.

Full Story

53 Comments so far

1.
he already called it! wrote on April 3rd, 2008 at 1:15 am

wheres jimmys deal like this at?

2.
he already called it! wrote on April 3rd, 2008 at 1:17 am

ps because we all know hes on jays heels when it comes to business LOL balllllllllllllllllllllllin!!!!!!!!!!

3.
ANYHUSTLE wrote on April 3rd, 2008 at 1:18 am

JAY Z DOING THIS TING MUTHA 4UCKING HARD - GET EM JAY!!!!!!!!REAL HUSTLA

4.
Tim wrote on April 3rd, 2008 at 1:18 am

First!! Jay-Z is so rich, how rich is he??… The nigga bout to sign a $150 million contract with an entire NATION.

5.
JKC wrote on April 3rd, 2008 at 1:26 am

This nigga is filthy with money. 50 a monster too tho wit vitmain water. Diddy aint no slouch neither wit his vodka. I wonder who will be the first billionaire of rap?

6.
Hip Hop Fan wrote on April 3rd, 2008 at 1:27 am

#4 u retarded fuck, live nation is not a “nation”

SMH funboy lol

Jay doin big thangs!

7.
ASS CHEEK wrote on April 3rd, 2008 at 1:34 am

“The nigga bout to sign a $150 million contract with an entire NATION.”

THE STUPIDITY IS STRONG IN THIS ONE ^

8.
$lim
$lim wrote on April 3rd, 2008 at 1:34 am

I’m not a BusinessMan… I’m a Business MAN!!!(Hov) And ya’ll wonder why Jay don’t b worried bout lames getting at him like Jim Jones & Santana? This dude is on a different planet then them guys.

9.
Southern Queen Dee wrote on April 3rd, 2008 at 1:41 am

@ JKC

It’ll be Hov because he’s worth close to 600 mill (if the report I saw on the net a few months ago is true) while 50 and Diddy are behind him by AT LEAST 200 mill (according to the same report)

10.
The County of Kings wrote on April 3rd, 2008 at 2:27 am

“rap about it now, hope u get it later, do a couple of shows, hope u niggas is saving up, I’LL SHOW U HOW TO DO THIS SON”

did u see the numbers in that article, 10 mill advance for 3 albums in a 10yr span, 30mill more than madonna,25mill to finance aquisitions and investments, 5mill a year in overhead for 5yrs, 25mill up front, 25mil advance for his current tour
i know 50 tightttttttt right now, catch up niggas

11.
EJM205 wrote on April 3rd, 2008 at 2:31 am

yo fuck this nigga Hov son. lol

12.
whoa wrote on April 3rd, 2008 at 2:50 am

3 more albums from jay???? i like dat nigga jay but i cant help but feel like one of those 3 is gonna be wack

13.
Yup wrote on April 3rd, 2008 at 3:10 am

This is a phenomenal deal. Jay is cakin waaaay harder than any other rapper right now. Genius

14.
shodway
shodway wrote on April 3rd, 2008 at 3:13 am

Damn.

15.
Corey wrote on April 3rd, 2008 at 4:04 am

GOOD POST..
I will send it to my friends on ~~~ Tallmeet.com ~~~~..I find many friends there and I share my life with them..many people there upload their nice pics there..

16.
mikefromda718 wrote on April 3rd, 2008 at 5:26 am

das a good look but thas his START UP money not his personally money he can trick on B wit

17.
The Don wrote on April 3rd, 2008 at 6:32 am

Jay is rich as fuck, he be making that paper. He’s like 200 million richer that Diddy because he sold his Rocawear company for 200 mill, now imagine if Diddy was to sell Sean John clothing company which is worth a lot more that rocawear, he’ll pass Jigga in a second and retain his no1 spot on forbes. I i doubt he’ll sell SJ, thats his cash cow atm.

18.
Ox wrote on April 3rd, 2008 at 7:18 am

he overchargin niggas for what dey did to the Cold Crush.

19.
LA21 wrote on April 3rd, 2008 at 7:42 am

is nas and hov album coming soon?

20.
ns_dip514 wrote on April 3rd, 2008 at 7:53 am

GODDAMN!!!!!!!!!!!!!

21.
D ROSS wrote on April 3rd, 2008 at 8:05 am

COSIGN#1… Where the fuck is Jimmy’s Deal like this??? Nigga shooting air balls @ the basket!

YOUNG HOVA ya heard!

22.
Smitty313 wrote on April 3rd, 2008 at 8:21 am

Damn they just be given Jigga money. Somebody tell Jim Jones and Joe Buddens that it looks real good to be Jordan on the Wizards as they say.

23.
JayReckless wrote on April 3rd, 2008 at 8:47 am

i bet when 50 and diddy read this they was like “this mothafucka!” hahahaha

24.
WHITE BREAD........CHICAGO wrote on April 3rd, 2008 at 8:53 am

hov’ is sittin on big time billion dollar money for real.

25.
bushwickpure wrote on April 3rd, 2008 at 8:57 am

lmao 50 aint tight at this jay is his nigga on the low did ya miss the motherfuck mtv interview he goes at any1 that fucks wth jay 50 got 1 more album b4 he get his 100 million dollar deal so its noting but a matter of time

26.
JayReckless
JayReckless wrote on April 3rd, 2008 at 9:34 am

OH YEAH HEART OF THE CITY TOUR HERE IN BOSTON 2 NIGHT GOT MY TICKECTS IN HAND !!!!!!

27.
BK stand up wrote on April 3rd, 2008 at 9:39 am

Since yall brought up Jimmy Jones

Jimmy has one of the best deal according to him. It is a 50/50 venture!! aahhaha So if he sells 300,000 on a major with 3 million cost, he remains with 10 dollars and they split it 50/50 with Sony after Dipset/Koch have taken advance, he will be in debt.

Shooting airballs @ the basket

28.
OLA wrote on April 3rd, 2008 at 9:56 am

LIVE NATION just signed madonna and U2…now they have hov….that label is bout 2 get paid

29.
Smart arrogant Black Man wrote on April 3rd, 2008 at 9:58 am

@#27 you’re right, Jimmy ins’t gonna selling anything. 50/50 deals are nice if you’re Ray Charles or The beetles, but Jimmy will lose so mmuch money.

Jigga didn’t get $150 mill strait up. But that contract guarentees he’ll be getting checks for the next 10 years as long as he tours and produces albums. And the album deal doesn’t apply to “Jay-Z” the rapper, but “Jay-Z” the business. SO he could sign someone and use that cash on their album. He’ll get a website that sells tracks 99 cent each, and sign some of his leaches (Kanye, NeYo, RiRi). That’s 3 albums right there.

30.
Pounce wrote on April 3rd, 2008 at 10:27 am

If Hov wanna increase record sales, come with a 50 diss.

31.
The County of Kings wrote on April 3rd, 2008 at 10:45 am

relax pounce
thats the end game, last album, last check
“suns rising…….. where we goin for breakfast”
we all waiting for it, but like the showman he is, he’ll save the best for last

32.
ElonSkee wrote on April 3rd, 2008 at 10:55 am

YE 150MILLZ A GOOD LOOK, BUT HOLD UP!, WHO THE HELL IS HE SIGNING TO THIS LABEL THAT COULD POSSIBLY PULL THE PUBLICS ATTENTION? THATS THE STUMP THAT GOT ME TRIPPIN.. CUZ IF HE GON BE BRINGIN RAPPERS THAT SELL 50K THE FIRST WEEK THAT AINT GON CUT IT JAY, WE NEED CONSISTENT #1,2,3,4,5 ALBUM SALES, BUT STILL PROPS TO JAY!

33.
E Almighty wrote on April 3rd, 2008 at 11:06 am

HOVA HOAV HOVA HOVA HOVA HOVA HOVA HOVA HOVA!!!!
This is why I like Jay-Z.

34.
Pounce wrote on April 3rd, 2008 at 11:12 am

Yeah he will probably wait, I say drag the beef success out over at least to albums. In LA niggas bomb first though lol.

35.
C D wrote on April 3rd, 2008 at 11:23 am

….. ” He Loves You”……

36.
jerome04 wrote on April 3rd, 2008 at 11:28 am

damn no#25 you know what the fuck is comin 50 lining up the next 200 mil deal with live nation to do stadium tours wif jay z not fat joe that nigga cant pack a mcdonalds lol. in this age of downloads concert money is where its at 46k first week god damn just go get a job a regular job. bye bye interscope hello live nation 200million later damn that nigga fif got more cake to come damn damn damn

37.
wonda wrote on April 3rd, 2008 at 1:37 pm

lol honestly wat does one man need with all that money????? when you can have anything in the world wat is there left to do? WRITE YOUR NAME IN THE HISTORY BOOKS FOR HUSTLEN HARD!

38.
iFresh wrote on April 3rd, 2008 at 1:38 pm

D_A_M_N

39.
SmokinAces wrote on April 3rd, 2008 at 2:05 pm

DAMN! Jimmy and Dam are somewhere hating RIGHT NOW!!! BALLINNNN!!!!

40.
MaL wrote on April 3rd, 2008 at 2:39 pm

This a REEEEEAAALLY GOOD LOOK 4 HOV and hip hop! Congrats 2 dat dude!

Awaits MiMi 2 come in the POM POM’s……………………

41.
MaL wrote on April 3rd, 2008 at 2:39 pm

This a REEEEEAAALLY GOOD LOOK 4 HOV and hip hop! Congrats 2 dat dude!

Awaits MiMi 2 come in wit the POM POM’s………………

42.
rocstar wrote on April 3rd, 2008 at 4:27 pm

im ballin for real, yall pump fakin it
manhattan keep on makin it, brooklyn keep on takin it

cheeeeeaaaaaaaaaaaaaaaa

ROC NATION IN THE HOUSE

43.
izreal wrote on April 3rd, 2008 at 7:39 pm

for those that didnt read the whole article

be clear!

it said he will get a guaranteed 10mil per album.. even if it brick…
plus son got a $25 mil signing bonus.

thas gurantedd cash.. who cares about sales.. its aobut downloads, tours, internet traffic, advertising dollars/revenue..

wake up, getting points of record sales is dead!!!!!

44.
izreal wrote on April 3rd, 2008 at 7:40 pm

yo ! for those that didnt read the whole article

be clear!

it said he will get a guaranteed 10mil per album.. even if it brick…
plus son got a $25 mil signing bonus.

thas gurantedd cash.. who cares about sales.. its aobut downloads, tours, internet traffic, advertising dollars/revenue..

wake up, getting points of record sales is dead!!!!!

45.
Pounce wrote on April 3rd, 2008 at 7:52 pm

the 10 mill per is still for the entire album. Video budget, wardrobe, marketing & promotion, production, features ect. He still caked up ridiculous from this deal but lets be clear the nigga got a ego dont wanna flop on any album.

46.
Shane wrote on April 3rd, 2008 at 8:32 pm

There’s an interesting blog about this…

http://techmediums.com/2008/04/03/jay-zlive-nation-collabo-360-deals-are-proliferating/

47.
alysha p wrote on April 3rd, 2008 at 8:32 pm

so proud of him…on his way to a billy

48.
Shane wrote on April 3rd, 2008 at 8:34 pm

Actually, the blog at http://www.TechMediums.com is about how you could see more of these deals come about.

49.
bo0gz knos best
bo0gz knos best wrote on April 3rd, 2008 at 10:39 pm

wasnt ppl callin dis guy crazy sayin he wasnt gonna get dis deal

HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!HOVA!

50.
SWISS SECTION wrote on April 4th, 2008 at 12:58 pm

Jay-Z - 150 Millionen Dollar Deal…

“Wie die New York Times berichtet, wird Jigga gegen Ende der Woche einen 150 Millionen US-Dollar schweren Deal beim Konzert-Promoter Live Nation unterzeichnen und damit sein Imperium erweitern.
Jay-Z wird eine neue Muttergesellschaft namens Roc N…

51.
Jay-ZFan Ya Digg!!!! wrote on April 5th, 2008 at 9:09 pm

HOV IS LHAO @ THESE FUCK NIGGAS IN THE GAME WHO CLAIM THEY GOT ALL THIS MONEY OR GETTIN ALL THIS MONEY; CAUSE COMPARED TO THIS SHIT RIGHT HERE NIGGA, I MEAN THIS SHIT RIGHT HERE….. THESE FOOLS DON’T HAVE A CLUE WHAT GETTIN MONEY IS ALL ABOUT. ITS BEYOND UR HOOD, UR CORNER, UR BLOCK, ETC. GROW UP!!!! AND GROW UP FAST!!!
ANYWAY, IN READING THAT ARTICLE…….NOTICE THEY SAID $10 MILLION FOR AT LEAST, I REPEAT AT LEAST 3 ALBUMS IN A 10 I REPEAT 10 YEAR SPAN. SO LETS JUST SAY (B/C HE IS HOV THE GOD) HE PULLS A BEYONCE AND DOES AN ALBUM A YEAR………. THAT’S 100 MILLION ALONE. PLUS ALL THE OTHER ADVANCE PAYMENTS AND SHIT MENTIONED. THIS IS Y, JAY TO THE MUTHAFUCKIN -Z IS THE KING OF HIP HOP, LOOK AT WHERE HE’S TRYING TO BRING HIP HOP. THESE OTHER SO CALLED BAAAAALLLLLLLIIIIINNNNN!!!! RAPPERS BETTA GET THEIR SHIT TOGETHER AND JUMP ON THE DAMN BANDWAGON WITH YA MAN HOV!!!! B/C THEY DON’T HAVE A CLUE.

52.
tagzz3 wrote on April 10th, 2008 at 3:33 am

Yo am from nairobi, Kenya , Africa(the motherland). Jay-z is the shit!! His lyrical prowess, his business sixth sence and his charisma is undeniably superior to most.
Industry shady it needs to be taken over/
this is the takeover by god mc j-hova/
y’all ain got enough stamps to fuck with h-o/

53.
Fabs wrote on April 14th, 2008 at 5:55 am

i bet when 50 and diddy read this they was like “this mothafucka!” hahahaha

jajajaj si de verdad

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