Jay-Z Seals The Deal With Live Nation To Build Roc Nation Empire
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Artist:
Jay Z signed on the dotted line and closed the deal with Live Nation on Wednesday night according to a report on Billboard today. Allegedly, Hov gets "775,434 Live Nation shares, plus an option on an additional 500,000 with the exercise price of $13.73." Billboard also reports:
Live Nation will reportedly contribute $5 million each year in overhead for five years and offer $25 million to finance Jay-Z's external acquisitions and investments, plus $10 million per album for a minimum of three albums within the deal's term. Jay-Z will also receive another $20 million for other rights including publishing and licensing. Live Nation is already producing the current Jay-Z/Mary J. Blige tour, which is putting up sellout numbers.More
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