Jay Z and Live Nation are continuing their successful and prosperous relationship. The Brooklyn mogul/rapper and live-entertainment company have announced an exclusive 10-year touring partnership.
Continue after the jump….
Variety reports Jay Z and Live Nation have signed a deal reportedly worth $200 million. The partnership includes includes worldwide touring, plus Live Nation will produce and promote all Jay Z concert events.
“Live Nation and I entered unchartered territory in 2008,” said Jay Z 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 adds. “This strengthens the creative and business partnership of someone that continues to expand his touring base and reach.”
The touring contract will run until Jay Z is 57 years old. While the Roc Nation CEO hasn’t put out an album since 2013’s Magna Carta Holy Grail, he is already slated to perform at four festivals this year including Made In America, Austin City Limits and The Meadows, with a rumored new album on the way sometime this year.
