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Jay-Z to Launch Roc Nation, is $150 Million Richer

Jay-Z to Launch Roc Nation, is  $150 Million Richer

Jay-Z is on the verge of closing a $150 million deal with concert promoter Live Nation that includes every aspect the rapper’s future touring and recordings.

As part of the partnership, Jay-Z will also launch an entertainment venture called Roc Nation. According to the NY Times, this will finance future start-up ventures by Jay-Z including his own label, music publishing, and artist consulting and managing.

Earlier this week, U2 closed in on a 12-year deal with Live Nation. Madonna sealed a $120 million deal with Live Nation back in October.

Don’t miss Jay-Z on The Late Show with David Letterman this Friday!

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Photos: Patricia Schlein/WENN
Posted to: David Letterman, Jay Z

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22 Responses to “Jay-Z to Launch Roc Nation, is $150 Million Richer”

  1. 1
    dicaprio lovaah Says:

    fiiiiiiiiiiiiiiiiiiiirst :D

  2. 2
    [☆F a m o u s☆] Says:

    he got more than madonna and u2.

  3. 3
    Nadine Says:

    He got more than Madonna because his includes his own record label. Plus, he’s a man and men always get more for the same job. ridiculous. anyway, we don’t yet know how long the contract is. madonna’s getting way more than U2 b/c her contract is over 10 yrs while they’re getting less overall for a 12 yr contract. Jay-Z seems to have more components to his contract than Madonna, since Madonna’s mainly surrounds CDs and touring vs. those 2 entities PLUS an entire record company to boot.

  4. 4
    katie n Says:

    This man is very, very talented and I guess lucky too, with Beyonce as his girlfriend…

  5. 5
    katie n Says:

    This man is very, very talented and I guess lcuky too, with Beyonce as his girlfriend…

  6. 6
    Prestige ManChild Says:

    Aiight pimpin. just dont forget about us lil people! Congrats!

  7. 7
    CHRIS Says:

    THIS IS WHAT MAKE ME THROW UP, THEY CAN GIVE HIM MILLION OF DOLLARS, ALSO HIS GIRL FRIEND BEYONCE, BUT THEY NEVER DO SOMETHING FOR THE POOR, THEY NEVER GO TO AFRICA AND SHARE THEIR WEALTH, THINK PEOPLE THEY GOT ALL THEIR MONEY FROM THE POOR, MIDDLE CLASS PEOPLE BY SELLING THEIR RECORDS, PEOPLE WHO IS BUYING ALL THEIR RECORDS, ARE THE PEOPLE WANT TO GET RICH LIKE THEM. I HOPE THEY WILL LEARN TO SHARE THEIR MONEY TO THE POOR.

  8. 8
    meg Says:

    ^^^^^^ Here is link to info on JayZ’s trip to Africa so he has been and has given a ton of money. Here is link to his trip to Africa:
    http://www.mtv.com/overdrive/?id=1545981&vid=120275

  9. 9
    lennie Says:

    I think that humanitarian needs to be done from the heart, and with real committment. it’s okay and great some celebs are able to do that, but you can’t blame every rich not to do anything for the poor.
    Jay Z is a very talented guy, and I like his way of living, low key, never mess around…and yeah he’s the most richest that’s why despite his age, despite his ugliness (I’m sorry he is) Beyonce will never leave him!

  10. 10
    samara Says:

    j ay is looking a bit on the rough side

  11. 11
    M Says:

    UGLY LOOKING NEGRITO!!!! BUT RICH AND ARROGANT AS HELLLLLL!!!

  12. 12
    Jay Says:

    #11 .. shut up

  13. 13
    m=bitter pathetic life Says:

    M @ 04/04/2008 at 9:30 am
    ^^^^^^^^^^^^^^^^^

    And he has gone from street hustler to a mogul with homes all over the world, yachts, businesses, companies, and a multi-million dollar fortune. and you post dumb ignorant remarks on a celeb blog – whose the real moron? think about it or learn something from his remarkable rise from poverty to mind boggling success. clearly, that “negrito” is infinitely smarter and more sophisticated than you will ever be in your little life. you’re sad.

  14. 14
    ewww Says:

    he may be rich but hes still fugly!!!!!

  15. 15
    Roadwork Says:

    As always Madonnas ahead of the game. Im glad I bought my Live Nation stock when I heard Madonna signed with Live Nation. One thing Ive learned this past 25 years is you can always bet on Madonna. Never ever count her out.

  16. 16
    NY LEGEND Says:

    JOHN SPORTIN OUT OF BROWNSVILLE, BROOKLYN NEW YORK SHOULD BE THE FIRST ARTIST SIGNED UNDER THE JAY -Z ROC NATION HIP HOP LABEL. HE HAS WHAT HIP HOP IS MISSING AND HE IS JUST THE TYPE OF POLISHED ARTIST THE MUSIC INDUSTRY HAS BEEN MISSING FOR YEARS.

    HE IS THE SAVIOR OF HIP HOP FOR THE FUTURE

    JOHN SPORTIN WELCOME TO THE ROC

  17. 17
    One beat Says:

    what’s the brand of this jacket???? PLEASEEE

  18. 18
    mICHAel Says:

    How can we get a collab with you?? http://www.cdbaby.com/all/honeybrownmusic

  19. 19
    Lloyd green Says:

    Jay cole coming soon It’s the ROC

  20. 20
    j bow Says:

    he’s the man it’s the roc.

  21. 21
    ju. Says:

    @katie n:

  22. 22
    PLUG Says:

    ITS SOME RAPPER IN MEMPHIS NAME VERJAUN SELL HIS CD FOR $79.99 WHAT HAVE THE COME TO THE NAME OF THE CD IS CALL TAX PAYER$ MONEY ON MYSPACE MUSIC PLUG THEY SAY HE’S BETTER THAN JAY-Z

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