What's good enough for Madonna and U2 is good enough for Jay-Z. Actually, what's good enough for Jigga is whatever those superstars get and more. According to The New York Times, the hip-hop kingpin is about to close on a deal that would have him leave his longtime record label, Def Jam, and sign with concert-promotions giant Live Nation for $150 million, one of the biggest music contracts ever awarded.
The Times reported that the deal, expected to be finalized next week, would include financing for Jay-Z's own entertainment venture, as well as the rights to his recordings and tours for the next decade.
After the tour, Live Nation plans to integrate the marketing of all of Jay's entertainment ventures under one roof, including his albums, tours and endorsements. The rapper told the paper, "I've turned into the Rolling Stones of hip-hop."
