Jay Z and Live Nation sign a 10-year $200m touring deal

Jay-Z performs at the grassroots rally in support of President Barack Obama at the Nationwide Arena on Monday, Nov. 5, 2012, in Columbus, Ohio. (Photo by Barry Brecheisen/Invision/AP)

According to the president of Live Nation who expressed his how thrilled he been working with the record-breaking rap, Jay Z. He said: ‘For the next 10 years, we will continue redefining the live event landscape…Since he released his debut album ‘Reasonable Doubt’ in 1996, Jay Z has established himself as one of the world’s richest and most influential people in the music industry’.

Jay Z’s new deal is worth $200 million and he is expected to announce another big music tour later this year and while at it, he has struck a partnership deal that includes worldwide touring and will mean that ‘Live Nation’ will produce and promote Jay’s concert events until the age of 57.

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The New York-born rap star said: ‘Live Nation and I entered unchartered territory in 2008…and Over 9 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 crew.’

He said: ‘Jay Z is one of the world’s preeminent touring artists…this strengthens the creative and business partnership of someone that continues to expand his touring base and reach.’

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