Roc Nation: 150 Million Reasons to Leave Def Jam

jay-zHip-Hop juggernaut/artist/mogul Jay-Z has stepped down as the President of Def Jam and is on the verge of signing a ridiculous partnership with Live Nation. The 10-year deal, which could include certain publishing and licensing rights, future touring, recordings, and other entrepreneurial ventures, will go down for no less than a whopping $150 million dollars. provided the breakdown:

Jay-Z will get $25 million upfront, $5 million per year for his own label, publishing, and management business, and $10 million for each of three albums to be released over the next ten years. The remaining $45 million will presumably be used for what the New York Times calls “future acquisitions and expansion.”

Jay-Z is still signed to Def Jam Records as an artist and still owes one more album to the label, but he’s already started touring through Live Nation’s “Heart of the City” tour with Mary J Blige. After finishing his final album with Def Jam this year, he could potentially launch his new label Roc Nation, as well as his music publishing, talent consulting and management companies as early as this Winter. Details are still being worked out, but the deal is expected to be finalized shortly. Live Nation has also signed landmark deals with Madonna and U2. Jay-Z is the first Hip-Hop act to jump on board. In other news, Jay and Beyonce recently applied for a marriage license. Lots of big things going on in Shawn Carter’s camp.

4 Comments to ‘Roc Nation: 150 Million Reasons to Leave Def Jam’:

  1. Pierce on 5 Apr 2008 at 12:08 pm: 1

    i don’t know if it’s smart for Jay to forfeit his publishing. Livewire will own that forever. However, all of the music he’s made for the past decade is still his. I suppose that paper isn’t going anywhere anytime soon. I love how his deal is 30 mil more than Madonna. I would not have expected that.

  2. Selam on 8 Apr 2008 at 10:20 am: 2

    After seeing what happened to Prince and many more musicians with similar contracts, why would someone sign such imprisoning contract?

    Many of the musicians before Jaz-y, did not have the opportunity to own their own production company. They have excuse what is his?

    OK..may be there is a good argument to making as much money as you can regardless of the cost. But for what?

  3. Pierce on 10 Apr 2008 at 1:24 pm: 3

    I think it just comes down to the figure: $150 mil is not chump change. Jay’s last album, “American Gangster” barley went Platinum. If Jay is getting paid $25 mil up front per album, it really doesn’t matter if it’s good music or not-he just has to put the album out. The money’s already guaranteed thru the contract with live Nation. My only concern is that the quality of the music will go down, because there’s no incentive for Jay to go hard. The money’s already going to be there.

  4. Vernon Thomas on 11 Apr 2008 at 7:53 am: 4

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Published on April 4, 2008 at 2:48 pm. 4 Comments.
Filed under economy,entertainment.