News: Jay-Z & Live Nation Sign 10-year, $200 Touring Deal

Jay-Z and Live Nation have announced a 10-year partnership for Touring and concert events said to be worth $200 million. The deal will include his scheduled performances for September, including one at his annual Made in America festival in Philadelphia. Although he hasn’t released new music in a while he will continue to lead the culture on the touring front for the Live Nation brand.

“Live Nation and I entered unchartered territory in 2008,” Jay Z said in a statement. “Over nine years, we have traveled the world producing historic music experiences. [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. For the next 10 years, we will continue redefining the live event landscape.”

“Jay Z is one of the world’s preeminent touring artists,” Rapino added. “This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”

via Variety