Jay Z Agrees 10-Year $200 Million Live Nation Deal

12 May 2017, 11:05

Jay Z Wearing Suit

The New York rapper has signed a huge deal.

Jay Z has officially renewed his worldwide touring partnership with Live Nation, rumoured to be worth an astonishing $200m. 

The New York rapper, who was named as the second richest Hip-Hip star in the world on yesterday’s Forbes List, will reportedly earn the money over a 10-year period.

Jay Z initially signed a 360-deal with Live Nation back in 2008, which helped him to launch his record label Roc Nation. 

That 2008 deal, which was worth $150m, included albums, publishing and more. However Hov’s new partnership is reported to only include touring

“Live Nation and I entered unchartered territory in 2008,” said Jay Z about the deal. 

“Over nine years, we have travelled the world producing historic music experiences. [Live Nation CEO] 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.”

“Jay Z is one of the world’s preeminent touring artists,” added Rapino.

“This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”

Meanwhile, Jay Z is rumoured to be working on a new album ahead of festival tour dates this summer, which includes V festival.

Last week, frequent collaborator Swizz Beatz teased new music with the rapper on Instagram, posting a picture of Jay in the studio alongside the caption ‘Album ModeZone’. 

Want the latest news sent straight to your phone? Download the Capital XTRA app for free

Drake Singing

19 Of Drake’s Best R&B Songs

The Fresh Prince of Bel-Air

9 Things Only True Fans Will Have Spotted In 'The Fresh Prince Of Bel Air'

Kylie Jenner

Kylie Jenner Responds To Embarrassing Sex Tape Leak