The 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]
May 2nd, 2008 // 3 Comments
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Jay-Z’s “retirement” plan seems much better than my 401k.
Ho. Lee. Shee. It.
I mean, wow.
So he raped Live Nation instead of Def Jam to become the $100 million man?