According to Billboard Magazine, Jay-Z and Live Nation have extended their agreement long term.
In 2008, Jay Z and Live Nation entered into a $150 million, 10-year 360 deal to cover his next three albums, publishing and other assets and the formation of Roc Nation as a joint venture between Jay and Live Nation. With the terms of that deal now nearing completion, a spokesperson for Live Nation today tells Billboard that the promoter has a new deal with Jay in place, and will remain equity partners with Roc Nation.
"Live Nation has a new long term deal with Jay Z and we expect to continue being equity partners in Roc Nation for many years to come," the spokesperson told Billboard in a statement.
While terms of the new deal were not disclosed, the new agreement does not appear to be an extension of the current 360 arrangement, and instead mostly covers his touring business.
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