Jayz is close to reaching a $150 million deal with Live Nation Inc. that will give the concert promoter a stake in virtually every aspect of the rapper and entrepreneur's career, according to news reports. The contract covers Jayz's music and music-related businesses for the next 10 years. As part of the arrangement, Jayz would get a $25 million upfront payment, plus advance payments of $10 million per album for a minimum of three albums and $25 million toward concert tours. The company would also pay $20 million in exchange for publishing, licensing and other rights. Live Nation was also expected to commit $50 million to finance Jay-Z's investments and his entertainment venture, to be called Roc Nation, which is expected to include his own record label, music publishing, talent consulting and managing projects.
" I've turned into the Rolling Stones of hip-hop," Jay-Z
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