The Wall Street Journal reports Jay-Z is close to sealing his $150 million dollar deal with Live Nation. Dang! What a week for jigga with two big deals in the works. He's got the Live Nation deal and picked up his marriage license to marry Beyonce.
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. source
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