People Gettin’ Paper: Jay-Z Gets $150 Mil
by Winston "Stone" Ford
People are gettin’ paid gettin’ paid! Unfortunately, not me. Gotta work on that in ’08!
Remember when Jay-Z was reportedly going around asking record execs for $100 million dollars? Remember when people laughed at him. Well, Hova is laughing all the way to the bank, because he just inked a deal with promoter Live Nation for $150 million dollars:
Jay-Z plans to depart his longtime record label, Def Jam, for a roughly $150 million package with the concert giant Live Nation that includes financing for his own entertainment venture, in addition to recordings and tours for the next decade. The pact, expected to be finalized this week, is the most expansive deal yet from Live Nation, which has angled to compete directly with the industry’s established music labels in a scrum over the rights to distribute recordings, sell concert tickets, market merchandise and control other aspects of artists’ careers.
$150 million dollars. I feel like Dr. Even when I say that out loud.