Photo Credit: Getty Images/Andrew D. Bernstein
As the end of the first 10 year deal Jay signed with Live Nation comes to an end, it seems that he has made a new deal with Live Nation for another 10 years!
In 2008 the rapper mogul signed a 10 year deal with Live Nation for $150 million that helped to launch Roc Nation but that deal is nearing it’s expiration. Jay and Live Nation however, have made another 10 year deal, this time worth a reported $200 million, that will cover touring worldwide including producing and promoting.
In a statement Jay noted, “Live Nation and I entered unchartered territory in 2008,” adding, “Over nine years, we have traveled the world producing historic music experiences. Michael Rapino is an industry visionary, and this renewed partnership is a testament to our longstanding relationship and the talented individuals at Live Nation. For the next 10 years, we will continue redefining the live event landscape.”
While there are no statements about any upcoming music being released from Hov, this is sure another sign that we can expect some new music soon. Along with the news of this upcoming 10 year touring deal, Hov is also set to perform and headline at 3 upcoming festivals before the end of the year.
Fans can catch Hov headlining his own Made In America Festival in Philadelphia, Meadows Festival in NYC, or Austin City Limits. These will be his first headlining sets since the On The Run Tour with wifey Beyoncé in 2013.
With Made In America only a few months away, we’ll be on the lookout for any new music from Jay himself.