Thursday, April 3, 2008

Live Nation Snags the Jigga Man

First it was Madonna. Then just a few days ago, they locked U2. And now the ever-growing concert promoter Live Nation just signed Jay-Z to a $150 million deal -- roughly the largest so far. Stepping down as president of Def Jam and meeting lukewarm sales of American Gangster, the deal, which should be finalized this week, will include concert ticket sales, merchandise marketing, recording distribution as well as other aspects of the artist's career.

At the rate Live Nation is going, who knows what artist they'll sign next...

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