Jay-Z + Live Nation = ROC Nation
With only one more studio album left on Jay-Z’s contract with longtime label Def Jam, Hov plans to ink a $150 million dealer with concert mogul Live Nation. The deal will include all his entertainment ventures including recording, touring and more for the next decade.
Live Nation has already created similar deals with artists like U2 and Madonna but to a less inclusive extent. They are more familiar in the world of rock and country music tours but are investing a lot of dinero in an artist who’s album American Gangster sold a displeasing 1 million copies compared to 2003’s Black Album which sold 3 million.
Currently Jay-Z and Mary J. Blige are on tour with Live Nation for Hov’s biggest tour since his farewell stint 3 years ago. The deal would finance the start up venture that will include his own label, music publishing, talent-consulting and managing.
When asked about his future with Live Nation Jay-Z stated, “I’ve turned into the Rolling Stones of Hip-Hop”.
Live Nation has already created similar deals with artists like U2 and Madonna but to a less inclusive extent. They are more familiar in the world of rock and country music tours but are investing a lot of dinero in an artist who’s album American Gangster sold a displeasing 1 million copies compared to 2003’s Black Album which sold 3 million.
Currently Jay-Z and Mary J. Blige are on tour with Live Nation for Hov’s biggest tour since his farewell stint 3 years ago. The deal would finance the start up venture that will include his own label, music publishing, talent-consulting and managing.
When asked about his future with Live Nation Jay-Z stated, “I’ve turned into the Rolling Stones of Hip-Hop”.
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