Following in the footsteps of Madonna, Jay-Z reportedly just closed a massive, all-encompassing deal with concert promoter Live Nation worth $150 million.
The deal sees the formation of Roc Nation, a joint venture between the two parties. Live Nation will take control of Hova’s business and recording assets as part of the agreement and pay the rap tycoon a cool $10 million per album as part of a three album deal.
Jay-Z is currently on a Live Nation sponsored co-headlining tour with Mary J Blige…where he is likely sipping champagne and banging Beyonce as you read this…
Gigwise.com: Jay-Z 'Signs Massive Deal With Live Nation'