Jay-Z to Join Forces With Live Nation

Jay-Z is reportedly about to sign a $150 million deal with concert promoters Live Nation. The deal not only includes concerts, endorsements and recordings over the next decade, but will also help the rapper to launch Roc Nation, Jay's own record label, talent management, and music publishing company.

An anonymous source told The Associated Press that under the proposed deal, Jay-Z would be paid about $25 million up front, another $25 million toward concert tours and advances of $10 million for each of at least three albums, the person said.

"I've turned into the Rolling Stones of hip-hop," Jay-Z told The New York Times.

Jay-Z, who previously served as Def Jam's CEO for three years, still owes his former label one more album, which is expected to be released later this year. He is the third mega-star to recently join forces with the Los Angeles concert promoters. Madonna signed a history making deal last year rumored to be worth about $120 million, and earlier this week, U2 announced a 12-year deal.

Live Nation is currently producing a tour with Jay-Z and Mary J. Blige.

-Leah Ann Cevoli

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Comments (3)

	Jai: 04/04/2008 9:19 AM I got confused for a second, wondering which drunken escapade got me signed with Live Nation. Then I realised, Jay Z, not Jay V.
	vancecordell: 05/28/2008 10:36 PM I LOVE JAY-Z. I was so sad when he resigned from being a performer and did his Encore tour.
	Jack Robin Son ™ (Official): 04/11/2009 9:11 PM The Blueprint III = The Whoprint III ? Bubblelips Shawn how many other myspace members you swagged to make the album ? Swagger Jacking has become a huge problem among society. Most commonly when a well known artist discovers an unknown artist and decides that they are going to take their music/ideas and produce them as their own. JACK ROBIN SON BUBBLE LIP SHAWN DISS Current Mood: WANTED Posted in http://www.iamhiphop.com/profiles/blogs/bubble -lip-shawn-diss Sean Carter a.k.a Jay-Z a.k.a HOVA will go down in history as the biggest Swagger Jacka in hip hop history