Live Nation Climches Jay-Z Deal

Live Nation closed the Jay-Z 360-degree deal Wednesday night (April 30), sources say.

The company yesterday (May 1) filed a Form-8K with the SEC which states that the artist is getting 775,434 Live Nation shares, plus an option on an additional 500,000 with the exercise price of $13.73. The shares go to Marcy Media, the company affiliated with Jay-Z (born Shawn Carter), in connection with the formation of Roc Nation LLC, a joint entertainment venture between Live Nation and Jay-Z.

Talk that Live Nation and Jay-Z were on the verge of closing a major deal began last December and broke April 2 in The New York Times. The roughly $150 million pact includes Roc Nation, as well as the rapper's own recordings and tours for the next 10 years.

Live Nation will reportedly contribute $5 million each year in overhead for five years and offer $25 million to finance Jay-Z's external acquisitions and investments, plus $10 million per album for a minimum of three albums within the deal's term. Jay-Z will also receive another $20 million for other rights including publishing and licensing. Live Nation is already producing the current Jay-Z/Mary J. Blige tour, which is putting up sellout numbers.


The Jay-Z deal follows major, multifaceted pacts Live Nation has struck with Madonna and U2. Speculation is that other mega-deals are also pending, ranging from developing artist the Zac Brown Band, to superstar artists like Michael W. Smith and Shakira.

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I'm so happing for her. I just hope this will give her a jump start on her career again.

User will not sale out his baby pics but they will be on the issue of Essence Magazine

In no way would I ever pimp out my child for money. I am livid that people talk about my child," Usher told us. In fact, he has posed - for free - with his son for an "incredible" Father's Day cover for Essence Magazine."What makes you a man more than being a father to your child? I recognize I gave anonymity away when I became an artist, but to have people try to paint a horrible picture of what's so beautiful - it's obvious someone is trying to stop something so beautiful."

Now about a month or ago there was a buzz in the gossip world that his Wifey was trying their son pic to Essence Magazine for 2 million. So what is really the truth?

I smell BullShit with this couple.

Jay-Z and Beyonce Prenup $25 Million

WOW SHE SURE KNOW HOW TO WORK A DEAL

The R&B/pop diva, who is worth a reported $100 million, inked a prenuptial agreement with new hubby Hov that could result in a $25 million payday for Bey. According to spywitnesses with The National Enquirer, the longer Beyonce stays married to S. Carter, the more money he pays. The thirty-eight year old Carter’s net worth is estimated at $300 million.

Jay-Z adores Beyonce, and was pretty much willing to give her almost anything she wanted. The prenup calls for Jay-Z to pay Beyonce $10 million if the marriage ends after two years, and $1 million a year for each further year she remains in the marriage, up to fifteen years.
The former boss of The Roc wants to be sure that his bride enjoys all that his massive fortune has to offer:
Beyonce would be granted access to their private jet and a fleet of cars, which includes a $1 million 1959 Rolls Royce convertible,” a tabloid snitch claims.

Jay’s thrown in a few incentives for having children, the Enquirer reports:
He’s promised to pay her an additional $5 million for each child she bears for him-for her loss of income during pregnancy and child-rearing years.

Ok they sign a pre-nup but lets be real for a minute. Jay-Z is sure giving her alot but what is she giving him in return. I guess by having his baby and yes it seen like the rumors are true she is expecting, that she get something in return. Don't this scenario remind you of her lil sister marriage?

Awwwwwwwwww so they are Marry

Who would have thought these fools would get marry to each other

Family member Linda Cannon has confirmed to E! News that the couple are, in fact, married.
Yes, we know,” she says. He called us and told us all about it. We are happy for him. If that is what he wants then we are happy for him.

Linda Cannon wouldn’t confirm an earlier report that had the impromptu nuptials taking place yesterday at Carey’s new home in the Bahamas, only that Nick and his platinum-selling girlfriend have made it official.

I’m not going to give you any details, but we are happy for him.

Congradulations.