Would-Be Record Mogul’s Attempt At A 360 Deal With Himself Falls Flat Alphabeat And The Rest Of The Wonky Pop Brigade Are Here To Save The Day

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77830627.jpgThe long-rumored $150 million, 10-year deal between Jay-Z and Live Nation reportedly closed Wednesday night, with Live Nation giving Jay a chunk of stock, $5 million per year for “overhead,” $25 million for acquisitions and investments, $10 million an album (for a three-album deal), and $20 million for publishing, licensing, and other rights. Live Nation’s stock has jumped sharply since the deal was reportedly closed. [Billboard]

 
By Maura on Fri May 2 2008
Posted to:
jay-z
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  1. How do I say this ... THROWDINI!  |   Posted on May 2nd, 2008

    Jay-Z’s “retirement” plan seems much better than my 401k.

    Reply
  2. Julio Allison  |   Posted on May 2nd, 2008

    Ho. Lee. Shee. It.

    I mean, wow.

    Reply
  3. AquaLung  |   Posted on May 2nd, 2008

    So he raped Live Nation instead of Def Jam to become the $100 million man?

    Reply

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