“Live Nation will reportedly contribute $5 million each year in overhead for five years and offer $25 million to finance Jay-Z’s external acquisitions and investments, plus $10 million per album for a minimum of three albums within the deal’s term. Jay-Z will also receive another $20 million for other rights including publishing and licensing. Live Nation is already producing the current Jay-Z/Mary J. Blige tour, which is putting up sellout numbers.” Full Billboard Story Here.
On a side not Jay-Z has set up a trust fund for the children of Sean Bell. Full Story