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Jay-Z Forms Roc Nation For $150 Million

Thursday, April 3, 2008
By: Mike Ivey Jr.

Jay-Z

Rapper and hip hop entrepreneur Jay-Z is reportedly on the verge of signing a label and corporate branding deal, worth approximately $150 million, with concert promotion titan Live Nation.

“Everyone’s trying, b,” Jay-Z comments about the recording industry’s at times frustrated effort to reach consumers in a post-digital age. Under the deal, Live Nation, new home of Madonna and U2, will pony up capital for Jay-Z’s outside ventures, including his own label, music publishing outfit and talent consulting/managing companies. Jay-Z reportedly rakes in some $50 million on the front end-fees for his current “Heart Of The City” tour with Mary J. Blige-and an advance of $10 million per option for at least three albums during the 10-year deal. The mogul, co-owner of the NBA’s New Jersey Nets, will reportedly hand over unspecified publishing, licensing and other rights in exchange for another $20 million.

Jay-Z is currently on tour with R&B/Hip Hop soul diva Mary J. Blige. The percussive leak “Ain’t I”, produced by Timbaland, is his newest available track. Jay-Z’s tenth studio album ‘American Gangsta’ last year earned the rapper second place in Billboard #1s next to Elvis Presley. Aligning all of a hitting making artists’ business affairs under one umbrella is a prudent way “to reach the consumer in so many different ways right now,” says Jay-Z.

(21) Comments | Post a comment »

Wtf a n*gga need all dis moni for. U got 500 mill. Give every black folk a mill beefore u die

Posted by BWS

^that's only 500 people dumb ass........

Posted by westcoast g

^thanks westoast, lol. But damn, this n*gga jay could give 500 people a million dollars before he goes broke! damn that's a lottta guap.

Posted by KingJames313

"i'm overcharging n***as for what they did to the cold crush!"

Posted by goons2go

Let da dude du his sh*t,and c wre it ends......lets watch da space............

Posted by candilicious

Jigga u da F*k*ng man.. I really love you....il love all rappers that talk about guns,drugs,and presuade how crab motherfukas is jealous...

Posted by MADE in DIZADE

Jay is the ultimate F*ck*n hustler

Posted by rocboy2089

Jay-z said it...in "in my lifetime"... "while others worship guns i worship tons of money tons of fun, laughing at sh*t that ain't even funny"

Posted by Mo

Illy

Posted by illy

Wow thats almost sad...disapointing

Posted by ..!!!???

hes just getting started.

Posted by still pushin

Who cares if cute ni ggaz like jay is doing deals,where's the hot albums at????

Posted by Killa Moves

Some folk got it and some dont... Jay is making it look easy.

Posted by whatevanicca

Yo another 3 albums?!?! i couldnt stand the last 3 he made. Unless he comin out wit sum shyt li khis first album i dont wanan hear shyt from him...do ur clothing line and everythin else but pleaseee stay out of rap unless u bringin that heat

Posted by me nucca

^^n igga please if jay wanna make anotha 3 albums then dont hate..jus' cause u dont have cash like him and u dont look half as good as he looks aint no reason for u to hate,take that sh*t somewhere else

Posted by cojack

Yeah, me nucca, you sound stupid. His last 3!!?!! i'll give you kingdom come, but american gangster and the black album!?!? come on. Give it up. "even if i fall i land on a bunch of money."

Posted by t!minor

Aint nobody care bout da deal where da albums at dat get you money if they songs good

Posted by bally

He's got his money, got the hottest Bia'ch in the game wearin his chain, much respect for that, but god damn his heads gettin bigger just like a F*ck*n balloon. The people made him rich so why doesn't he pay homage and give back to the people?

Posted by big e

Wow..so cool , i will upload this to tall dating site____tallmingle___which is a hot dating site for all tall admirers ,tall man and tall woman.

Posted by cule

Being a rapper, it's good for jay z & the industry. New companies with new innovative ideas are what we need to bring the industry back to profitability. With him the best...

Posted by THA MISSES

Jay-z, your entertainment ventures as of late are very ambitious and i am anxiously awaiting their launch and the future success of them all. As usual, i’m sure these ventures in which you currently pursuing are not going to be one of the typical “i’m a rich celebrity so i wanna own a business” flops. I, along with a team of similarly ambitious group of talented individuals have been pursuing and marketing a new genre in entertainment called street flips and “tricking.” visit .streetflips for more. Roc nation signs street flips??? where brooklyn at?

Posted by ART MD