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]

 
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Jay-Z, whose given name is Shawn Carter, did not respond to repeated attempts to reach him through his publicist and the Nets. The suites themselves, which are still under construction, will be unabashedly bold—and that includes the price tag ...
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It's the moment we've all been anticipating. One month after the birth of their first child, Blue Ivy, Jay-Z and Beyoncé are letting the world get a glimpse of their precious newborn. The rapper took to his web site, Life and Times, on Friday ...



 
  1. How do I say this ... THROWDINI!  |   Posted on May 2nd, 2008

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

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

    Ho. Lee. Shee. It.

    I mean, wow.

  3. AquaLung  |   Posted on May 2nd, 2008

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

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