But is this even a good deal? If Jay-Z is widly successful with a new business venture it could mean easily returning the investment to Jay-Z. But LiveNation isn’t really know for doing good business or making lots of money. The company is in debt of $822 mil and the current share price for the stock is $13.
So does Jay-Z have enough mojo to make this deal work?
Here are some terms of the deal:
$25M: Overhead for 5 years
$25M: “Available to finance Jay-Z’s acquisitions or investments”
$25M: Upfront fee
$25M: Advance for current tour
$30M: $10M per album advance for 3 albums over 10 years
$20M: “Certain publishing, licensing and other rights”
Maybe LiveNation is on crack?