Live Nation Strikes Again Inks $150 Million Deal With Jay-Z
Live Nation has announced a mega-deal worth $150 Million dollars with Shawn Carter aka, Jay-Z. Industry insiders have been speculating on what Carter’s next corporate play would be since he failed to come to terms with Universal last year and stepped down from his role as as President of DefJam after 3 years. Jay-Z’s deal will span ten years and includes recording, merchandising, touring, publishing, image licensing and...
Red Bull Readies Music Label For 2008 Launch
Red Bull plans to officially launch their new record label in 2008 and is now exploring different distribution models. The initiative, which we revealed in November, now has several A&R executives attached to it, as well as a website. The professional recording studio in Santa Monica is said to be active with several indie rock acts, however nothing has been disclosed about electronic music artists, which seems to be a more...
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