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The corporate takeover of Jay Z
In a move that many should have seen coming, hip-hop mogul Shawn Carter signaled the corporate takeover of Jay-Z Inc. when he sold the remainder of the franchise to concert promoter Live Nation. After years of building up the brand called Jay-Z, Carter is doing what any smart investor would do at this point: cashing in.....To acquire Jay-Z, Live Nation ponied up a pay package worth $150 million—It’s highest to date. The terms of the deal include $5 million a year for five years to cover overhead for Roc Nation, plus $25 million for any investments or acquisitions. Carter will also receive an initial payment and general advance totaling $50 million, $10 million an album for a minimum of 3 albums, and $20 million for some licensing and publishing rights. Read more...
I'm not a businessman I'm a Business man!
In a move that many should have seen coming, hip-hop mogul Shawn Carter signaled the corporate takeover of Jay-Z Inc. when he sold the remainder of the franchise to concert promoter Live Nation. After years of building up the brand called Jay-Z, Carter is doing what any smart investor would do at this point: cashing in.....To acquire Jay-Z, Live Nation ponied up a pay package worth $150 million—It’s highest to date. The terms of the deal include $5 million a year for five years to cover overhead for Roc Nation, plus $25 million for any investments or acquisitions. Carter will also receive an initial payment and general advance totaling $50 million, $10 million an album for a minimum of 3 albums, and $20 million for some licensing and publishing rights. Read more...
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