Shawn “Jay-Z” Carter is expected to sign a 10-year-deal, $150 million dollar “360” deal with Live Nation, that will include Roc Nation, a new entertainment venture for the rapper, The New York Times reports.
If the deal goes through, Jay-Z, 38, will add more than $60 million dollars in cash to his bottom line.
The rapper, who owes one more album to Def Jam, is currently on his biggest tour outing in three years, headlining the “Heart of the City” tour with Mary J. Blige, which was produced by Live Nation.
Live Nation envisions handling all aspects of Jay-Z’s entertainment, recording, tours and endorsement deals.
