DONE DEAL BETWEEN JAY-Z AND LIVE NATION

According to Billboard.com, Roc Nation is finally official. The ink has finally dried on Jay-Z’s 150-million dollar deal with the live events company, Live Nation, creating Roc Nation. Details of the pact include:

*       Five-million dollars each year for five years for overhead
*       25-million dollars to finance Jay’s external acquisitions and investments
*       10-million dollars per album for a minimum of three albums
                And
*       20-million dollars for other rights, including publishing and licensing