Live Nation Inc. confirmed on Thursday (5/1) that it has finalized its deal with Jay-Z for an unprecedented 10-year agreement that includes live shows, new music and front money for new ventures. Jay scores another accolade for snagging the largest music deal in history, second only to Madonna who also is in bed with Live Nation for a long spell. The reported price tag of $150 million wasn’t verified nor was it disputed by the company. What they did release was the news that Jay was given the option to by half a million stocks of Live Nation at $13.73 each, which would’ve already been a come-up, being that the stock closed at $14.40 yesterday, up 4.4 percent. Jay can be heard referring to the venture as “Roc-Nation” on the remix to “Blow The Whistle” released earlier this week.
Editor’s Note: That dude is serious about keeping those “4’s” in rotation. Its almost magical how he attracts that number. I wonder who is overseeing Roc-a-Fella, what label Kanye is on and what label Beans and Bleek is on?
Is he still the CEO of the ROC? Is the ROC actually ROC Nation? I mean can somebody get an interview with the Big Homie!