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Deals

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]

12:30 PM on Fri May 2 2008
By Maura

3 Comments

Categories:
Deals

3 Responses to “”

  1. by Julio Allison at 2:28 am

    Ho. Lee. Shee. It.

    I mean, wow.

  2. by AquaLung at 5:22 am

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

  3. by How do I say this ... THROWDINI! at 12:53 pm

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

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