Jay Z and Live Nation renew their touring partnership.
In 2008, Jay Z signed a 10-year deal, $150 million deal with Live Nation that helped launch Roc Nation. Billboard reports that Hov has expanded his touring partnership with Live Nation to the tune of 10 additional years at $200 million.
“Live Nation and I entered unchartered territory in 2008,” Jay said in a statement. “Over nine years, we have traveled the world producing historic music experiences. 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.”
Live Nation president/CEO Michael Rapino released the following statement:
“Jay Z is one of the world’s preeminent touring artists. This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”
Get acquainted with Jay Z's moves since he released Magna Carta, Holy Grail in 2013.