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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.
way to go Beyonce....
If Jay-Z and Beyonce have a son will they call him "Boyoncé?" -- Jay-Z is freaking business master. He should teach at Harvard Business School.
Bartleby: agreed. The only thing that Jay-Z does better than rapping is biz deals. He's very smart.
Bart - he probably will at some point.
"one million, two million, three million, four
.... after eighteen months, eighty million more
now add that number up with the one i said before
you are now lookin at one smart black boy
mama aint raised no fool
put me anywhere on gods green earth
...i'll triple my worth..
muthafuckas..."
yeah, he's never been exactly humble or secretive about his business skillz...
@MrFrost - Word.