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Jay-Z signs new deal with Live Nation
By Andy Malt | Published on Monday 24 April 2017
Jay-Z has signed a new “long term” deal with Live Nation in relation to the rapper’s Roc Nation company. The JV business was the result of one of the high profile mega-bucks 360 degree deals Live Nation did with four artists a decade ago. The live giant’s original contract with Jay-Z ran for ten years and has now been renewed. The exact terms of the new agreement are not yet clear.
“Live Nation has a new long term deal with Jay-Z and we expect to continue being equity partners in Roc Nation for many years to come”, a Live Nation spokesperson told Billboard.
News of the deal came after the New York Post reported last week that Live Nation was looking to get shot of its stake in the recordings side of Jay-Z’s business, breaking the original 360 degree nature of its relationship with the rapper. The paper speculated that Universal Music could become a partner in the Roc Nation joint venture too as a result.
Although Live Nation has now issued its statement, we don’t actually know whether or not those rumoured changes to the partnership are happening; but Billboard reckons that the new agreement only covers Jay-Z’s touring business.
