With all the news of Jay Z dropping a new album and all his festival dates it’s all beginning to make sense he has something up his sleeve. Today it was announced he officially re-upped on his touring deal with Live Nation.
The deal is a continuation of the ten-year, $150 million USD deal Hov and Live Nation agreed on back in 2008, with the new deal once again covering the next decade. This new deal will strictly be for touring whereas the original deal was one of the 360 variety and covered touring, albums, publishing, and other assets along with the birth of Roc Nation. Said Hov in a statement:
“Live Nation and I entered unchartered territory in 2008. Over nine years, we have traveled the world producing historic music experiences. 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.”
Though the financial specifics of the deal were not disclosed, it is said to be worth $200 million USD.
The touring contract will run until Jigga is 57 years old, it looks like retirement is no where in sight this time around. 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. Looks like Hov just got the upper hand in the race to a billion with Dr. Dre and Diddy.