Jay Z Signs $200M Touring Deal With Live Nation

Jay Z.

Photographer: Jamie McCarthy/Getty Images for Live Nation

New York (AP) -- Jay Z has signed a $200 million, 10-year deal with tour promoter Live Nation.

The rap icon announced the deal Thursday that continues his relationship with the company, a connection which began in 2008. A person close to the situation, who spoke on the condition of anonymity because the person was not allowed to publicly talk about the topic, told The Associated Press that Jay Z earned $200 million for the new deal.

Jay Z says in a statement that he and Live Nation "have traveled the world producing historic music experiences." He also added: "We will continue redefining the live event landscape."

Live Nation has produced a number of Jay Z's successful live shows, including his recent collaborative tours with Beyonce and Justin Timberlake.

    Quotes from this Article
    Before it's here, it's on the Bloomberg Terminal.
    LEARN MORE