Wednesday, April 2, 2008

Jay-z If I aint a hustler then what you call that?

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The Wallstreet Journal is reporting Jay-Z is in the final stages of closing a $150 million deal with Live Nation to finance all his future ventures including music, fashion, concerts, and his 40/40 club chain:

In what may be the richest in a string of recent deals with superstar musicians, Live Nation Inc. is close to a $150 million, 10-year deal with Jay-Z that would give the concert promoter a financial position in virtually every aspect of the rapper and entrepreneur’s career, according to people familiar with the matter.

The contract also calls for Live Nation to make advance payments to Jay-Z — whose real name is Shawn Carter — of $10 million for each of three albums, along with $25 million toward concert performances, and other advance payments and promises to cover certain costs totaling $50 million. The company is also to pay $20 million for music publishing and licensing rights. Live Nation would underwrite other of Mr. Carter’s business ventures in areas such as clothing, out of a fund of $25 million; in the past, Mr. Carter has been involved in clothing and nightclub businesses. In all, the agreement appears to be broader than the one the company reached last year with Madonna, which kicked off Live Nation’s recent deal-making spree. Irish rock band U2 also recently made a deal with similar, though not identical, components, and many major music stars have been rumored to be examining such arrangement.

Call him what you want,but don't call him broke!LOL Once again Jay sets the bar higher for all other rap artist to try and catch up.Not only is he now the richest rapper in the game but he's really humiliating his competition right now.

Where you at Killa KI??LOL

Im already the GOAT next stop is the BILLI-Jay-Z I get money remix

Via Bossip.com

3 comments:

magic jones says said...

DAMN,KI...I KNOW YOUR SALTY ASS IS OVER THERE LAUGHING I HOPE JIMMY CAN GET AN JAY-Z DEAL....LOL....HOPEFULLY HE CAN GO GOLD AND STILL BE ABLE TO USE BALLIN AS AN AD LIB LOL

killa_ki said...

Lol y would I hate on another man's achievements? That aint my style, unless he was to stab someones back in the process of the deal, then I would frown a bit. But I aint heard no kind of foul play like that so congrats 2 the man.. But I do ask this, wth is live nation? Xbox live? No rly, I'm not even jokin, they got 150 2 cough up and idk who they r

And jim gona have problems makin a hit now that he aint cool wit max b.. I been knew that max b was his ghost writer

magic jones says said...

Jigga didn’t get $150 mill straight up,But that contract guarentees he’ll be getting checks for the next 10 years as long as he tours and produces albums.And the album deal doesn’t apply to “Jay-Z” the rapper,but“Jay-Z” the business.

SO he could sign someone and use that cash on their album.He’ll get a website that sells tracks 99 cent each,and sign some of his leaches (Kanye, NeYo, RiRi).That’s 3 albums right there.

So basically he will make money off of his label like he wanted from the get go.

ps jim jones is done.nigga was happy because he got that 50/50 deal but when you think about it he can have a dr.dre beat and still wont know how to rap to it LOL at the end of the day its hollywood and you cant go at anybody's favorite.I mean look at killa seasons 1st week numbers lmao