JAY Z INKS $200 MILLION 10 YEAR DEAL WITH LIVE NATION
Hip hop Music mogul Jay Z has just inked a ten year $200 million deal with Live Nation. The deal includes worldwide touring, and will see Live Nation producing and promoting Jay Z concerts, including festival type events like his annual Made in America show.
It also suggests Hov will be performing live until he’s 57 years old. Jay seemed pleased with the deal.
“Over 9 years, we have traveled the world producing historic music experiences,” Jay Z said in a statement. “This renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next 10 years, we will continue redefining the live event landscape.”
Live Nation’s president and chief executive officer Michael Rapino also weighed in.
“Jay Z is one of the world’s preeminent touring artists,” Rapino said. “This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”
Forbes announced their annual list of richest Hip Hop moguls. Jay Z was number two with a $810 million net worth, only trailing number one Diddy by $10 million.
This deal would appear to catapult him into the top spot and make him rap’s first billion dollar man.