Jay-Z Does a $150 Million Deal

Jay-Z left Def Jam after serving as president for three years, and now we know it was because they couldn’t agree on his new contract. Jay-Z signed a contract with Live Nation worth $150 million. Jay-Z will get a $25 million upfront payment, plus advance payments of $10 million per album for a minimum of three albums and $25 million toward concert tours. Live Nation will also pay $20 million in exchange for publishing, licensing and other rights. Live Nation is also expected to commit $50 million to finance Jay-Z’s investments and his entertainment venture, to be called Roc Nation, which is expected to include his own record label, music publishing, talent consulting and managing projects.

Live Nation signed similar deals with Madonna, and U2, last year.

As I said before, Jay-Z better make sure Beyonce signs a prenup before they get married.