Iconic Rapper Jay Z” and Live Nation
announced an exclusive 10-year touring partnership worth $200 million dollars.
The agreement
continues the MC’s longstanding partnership with the world’s biggest
live-entertainment company. The deal includes worldwide touring and will
see Live Nation producing and promoting Jay Z concert events.
A source tells Variety the deal is worth $200 million.
The deal, which recalls Live Nation’s 2007 $120 million deal with
Madonna, will see Jay Z under a touring contract with the company until
he is 57 years old.
His recorded-music output has tailed off in recent
years but he continues to tour regularly and has four shows scheduled
for September, including one at his annual Made in America festival in
Philadelphia over Labor Day weekend.
“Live Nation and I entered unchartered territory in 2008,” Jay Z said
in a statement. “Over nine years, we have traveled the world producing
historic music experiences. [Live Nation president and chief executive
officer] Michael Rapino
is an industry visionary, and this renewed partnership is a testament
to our longstanding relationship and the talented individuals at Live
Nation. For the next 10 years, we will continue redefining the live
event landscape.”
“Jay Z is one of the world’s preeminent touring artists,” Rapino
added. “This strengthens the creative and business partnership of
someone that continues to expand his touring base and reach.”
Rapper Jay Z pen 10 years $200 million deal with and Live Nation
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