On the hit “30 Something” from his 2006 album Kingdom Come, Jay-Z
boasted:” You ain’t got enough stamps in your passport to fuck with
Young HO, international.” According to the New York Times, the rap
behemoth— who is set to close a handsome $150 million deal from Live
Nation—might be right.
Live Nation, a major concert promotion company based in Beverly Hills,
California gave
pop icon Madonna a $120 million deal last year, and uber-rock band U2
a 12-year
partnership for an undisclosed amount.
According to the Times, Jay-Z (real name Shawn Carter) will complete a
package deal that includes a start-up
label, as well as a music publishing, talent consulting and management
company. Live
Nation will provide the star with a $25 million advance, and a $5
million-per year
overhead deal over five years.
The rapper most recently joined forces with Steve Stoute to form
Translation Advertising in New York, an umbrella of Translation
Consultation and Brand Imaging, which focuses on multicultural
advertising.
For four years, Jay-Z served as the president of Def Jam. He stepped
down from his post
last year, but owes the label one more album. Upon his leaving, Jay-Z
said simply, “It’s
time for me to take on new challenges.”
April 03, 2008 @ 12:20 pm
Jay-Z Hits the Jackpot
Rapper and entrepreneur set to sign $125 million deal with Live Nation
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Comments
1.
saphire says:
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damn! now that's big pimpin.
April 8, 2008 at 2:15 am
2.
ibdon says:
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jiggy is cool man that make say this once agin that he is the man, when we talk about reality man is the one i`am very sure more of it to come,
April 7, 2008 at 9:47 am
3.
ibdon says:
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jiggy is cool man that make say this once agin that he is the man, when we talk about reality man is the one i`am very sure more of it to come,
April 7, 2008 at 9:13 am
4.
ibdon says:
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I THINK FOR SOMEONE TO MAKE THAT CAN MONEY that very cool move.i`m very happy for him, more come me
April 7, 2008 at 9:07 am
5.
bigmikemille says:
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i am not a jay z fan but if a brother can make that kind of money,go for it. to me it silly to pay that kind of money in this industry at this time when so many companies are losing money,but nif they have that kind of money to burn,let it burn. i hope that ja invest it well and take on so charities in the black community.big mike miller from the bronx.
April 4, 2008 at 1:00 pm
6.
Busisiwe says:
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mmmhhh DeeZeeD You are the 1st one to make a comment - notice that? - no one has said that they hate Jay-Z for making all that money. So why the negative assumption? You are the WEAKEST LINK GOODBYE!
April 4, 2008 at 5:13 am
7.
DeeZeeD says:
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ALL THIS MAN DO IS GET MONEY! IF YOU HATE THAT THEN YOU A LAME ANYWAY!
April 3, 2008 at 1:39 pm