Jay Z has reportedly signed a $200 million, 10-year deal with tour promoter Live Nation.
The rapper announced his ongoing relationship with the company which began in 2008, while an anonymous source is said to have revealed the price tag associated with the deal. Jay Z recently said in a statement: “Live Nation and I entered unchartered territory in 2008. Over nine years, we have travelled the world producing historic music experiences.
“For the next 10 years, we will continue redefining the live event landscape.”
Live Nation has produced a number of Jay Z’s successful live shows, including his recent collaborative tours with his wife Beyonce and with Justin Timberlake. In 2007, Live Nation signed a $120 million deal with Madonna. Live Nation president and chief executive officer Michael Rapino is an industry visionary, and this renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. He says: “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.”