Jay Z Closes Live Nation Deal, Sets Up Educational Fund For Sean Bell's Children

by Jokesta on May 5th, 2008

http://media.defsounds.com/uploads/assets/1711/1717/4184/asset.jpgAccording to reports, on Wednesday May 1st, Jay Z and Live Nation closed their multi-million dollar deal which will have Live Nation financing future start-up ventures by the jigga man.

Jay Z will be getting 775,434 Live Nation shares, plus an option on an additional 500,000 with the exercise price of $13.73. The shares go to Marcy Media, the company affiliated with Jay-Z, in connection with the formation of Roc Nation LLC, a joint entertainment venture between Live Nation and the artist.

Live Nation will reportedly contribute $5 million each year in overhead for five years and offer $25 million to finance Jay-Z's external acquisitions and investments, plus $10 million per album for a minimum of three albums within the deal's term.

Jay-Z will also receive another $20 million for other rights including publishing and licensing. Live Nation is already producing the current Jay-Z/Mary J. Blige tour, which is putting up sellout numbers.

In related news, Jay has created an educational fund for the children of Sean Bell. Bell's widow, Nicole Bell, worked out the details of the fund along with her attorney.

It’s not clear yet the particular details of the agreement, but it is assumed the hip hop mogul's contribution will help send both of Bell’s children to college, should they choose to go.

Nicole Bell has been affiliated with Jay Z's Roc-A-Wear clothing line--appearing in the controversial "I Will Not Lose" campaign earlier this year.

 
 
 
 

icon Comments icon Comments

trudat905 — about 1 year ago
damn jigga doing it big… r.i.p to sean bell and good luck for his children and wife
replyReply | 5 props | propProp | trashTrash
show trashed
yaady — about 1 year ago
good lookin out on jay’s part… RIP Sean Bell

plays 911 is a joke

3 props | propProp | trashTrash
show trashed
gethip313 — about 1 year ago
“I put dollaz on mine/ Ask Columbine/
When the twin towers dropped I was the first in line”

I wonder how much Diddy & 50 cent donated to any black relief efforts?
2 props | propProp | trashTrash
show trashed
psmurf954 — about 1 year ago
Damn. 50 holla at ya boi. Good god thats a lot of fucking money man. Jay stay doing his thang man. R.I.P. Sean Bell
replyReply | 3 props | propProp | trashTrash
show trashed
disturb — about 1 year ago
Jigga da G.O.A.T all the way around!
replyReply | 4 props | propProp | trashTrash
show trashed
piscesguy88 — about 1 year ago
he gettin dat paper forreal. dats wasup wat he’s doin for Sean Bell’s children too. good things are sure to come his way… JIGGA MAN YA HEARD!! LOL
replyReply | 1 props | propProp | trashTrash
show trashed
briansdome — about 1 year ago
its good when the right people get the big money.
replyReply | 2 props | propProp | trashTrash
show trashed
dyoungin89 — about 1 year ago
hes that nigga
replyReply | 1 props | propProp | trashTrash
show trashed
killacaine — about 1 year ago
Damn Thats what you call REAL ASS NIGGA!!! To go out of yo way to help a family you dont even know!! The camel gets mad respect for this one, good look!
replyReply | -4 props | propProp | trashTrash
show trashed
raiseup — about 1 year ago
why the fuck would you say that he is a real nigga, and say he gets mad respect, and call him a camel in the same post?
2 props | propProp | trashTrash
show trashed
killacaine — about 1 year ago
No matter how much money he got or how good he do for people he still gon look like a camel u fuckin fag!!! GEt Jay z’s dick out ya mouth homo ass nigga
-2 props | propProp | trashTrash
show trashed
sthamogul — about 1 year ago
Damn I took a few things from this… Hov is doing at least 3 more albums (he’s 38 by the way) and he’s gonna make EVEN MORE MONEY! Live Nation will basically be paying for the marketing of his upcoming projects so whatever record company he decides to sign to they’ll be giving him EXTRA money. This is a monumental deal in music and its great to see that he’s also giving back.
replyReply | 2 props | propProp | trashTrash
show trashed
icebergchien — about 1 year ago
Damn Jay ain’t taking no prisoners, sonn is straight EATIN,…but words is bone I don’t want ton hear JAY-Z haters talk about his age. Dude is going down as the Rolling stone of Hip hop, real talk, The Mic Jagger & his dudes are all like 60 plus, and they still touring & cakin, so why not Jay.

As far as the Jay-Z stans Go, your boy is mad lucky he doing something for Sean Bells Kids. Cuz I was ready to let him have it, I mean How you gona put out a diss record to a NBA player and can’t make a song for Sean Bell?
And as far Jay’s talent, it’s off the roof, the concert in NY w/ mary was on point…but Yo what’s up with Free way, can he get on stage too? Damn JAY, where is the ROC at?
replyReply | 2 props | propProp | trashTrash
show trashed
psmurf954 — about 1 year ago
Also not tryin to knock what jay did because thats a hell of a good look. but i think he shoulda put money to dat spot in the bx and try to save that building yo.
replyReply | -1 props | propProp | trashTrash
show trashed
chinakiss — about 1 year ago
Nobody else did, it wasn’t just Jay, why not mention other big ballers those with big money who didn’t
-3 props | propProp | trashTrash
show trashed
reason1 — about 1 year ago
he said before" i ll show how to do it son"
love hip hop-hate wack rappers
peace
replyReply | 1 props | propProp | trashTrash
show trashed
myke24 — about 1 year ago
Damn Jay….“I Will Not Lose” that nigga meant that shit for real. Big ups to my nigga Jigga!!!
replyReply | 1 props | propProp | trashTrash
show trashed
thirdcoast — about 1 year ago
That’s a big move by Jay with providing that trust fund. Many props for that one.
replyReply | 1 props | propProp | trashTrash
show trashed
wrektify — about 1 year ago
Its good to see there is still humble rappers out there, rip sean bell.
replyReply | 1 props | propProp | trashTrash
show trashed
skillz — about 1 year ago
“Marcy” Media…and people say Jay, don’t rep his hood…..Fuck outta here..
replyReply | 2 props | propProp | trashTrash
show trashed
thegreenmonster — about 1 year ago
please jay jus stop.go buy fuckin africa or sumthin please no more cd’s, u have nothin else 2 say obviously thats why u needed a theme like american gangster jus so u have a topic 2 rap about.amazing what money can do. ready 2 b trashed by jay-z stans lol
replyReply | -5 props | propProp | trashTrash
show trashed
truthisammo — about 1 year ago
Wow I’m impressed at him helping Bell’s kids out. That’s definitely a blessing.
replyReply | 2 props | propProp | trashTrash
show trashed
youngtimothy — about 1 year ago
Hovs mom didnt raise no fool. Dudes def the smartest and best rapper out. Nobody, I repeat nobody in hip hop has done more for other people than Hova. Good lookin out for Mr. Bells kids, at least someone gave a damn.
replyReply | 3 props | propProp | trashTrash
show trashed
datniggasly — about 1 year ago
dayum thats good lookin on bell….its hovy baby
replyReply | 1 props | propProp | trashTrash
show trashed
guamatian — about 1 year ago
That’s a good look for Hov…all that money can’t change a man’s good intentions.
replyReply | 1 props | propProp | trashTrash
show trashed
kcchiefs188 — about 1 year ago
As enough respect I had for the Jigga man as is (even through Jay v. Nas)… This tops it off.

Jay love tha kids!
replyReply | 2 props | propProp | trashTrash
show trashed
jayboogie25 — about 1 year ago
It’s nothing I can say that hasn’t already been said. That’s a real good look on the Bell situation. BIG-UPS to S. Carter!
replyReply | 1 props | propProp | trashTrash
show trashed
drewog — about 1 year ago
I totally have a different look on Jay right now for hooking up Sean Bells kids for college. That is some straight up REAL SHIT. Not knocking any other rapper for not doing it because that is not there responsibilty but Jay took it as his business and ran with it. BIG UP JAY !
replyReply | 2 props | propProp | trashTrash
show trashed
coachcarter — about 1 year ago
jay is wealthy…i would have did the same thing if i did a 100 mill dolla deal…Thats why they call em hov!!
replyReply | 1 props | propProp | trashTrash
show trashed
necter — about 1 year ago
MUCH RESPECT TO JAY… SHOWING OTHERS WHY HE’S A KING FOR HIPHOP
replyReply | 1 props | propProp | trashTrash
show trashed
5ivedawg — about 1 year ago
BALLIN!! “I’m on my way to a billi I play my cards NICE!” On top of that, props for helping the Bell family. The NYPD should have to do that shit
replyReply | 1 props | propProp | trashTrash
show trashed
jaybee925 — about 1 year ago
RIP Sean Bell bigg upps to jigga he doing that grown man thang…
replyReply | 1 props | propProp | trashTrash
show trashed
boomer419 — about 1 year ago
jay coo wit the business shit, but that homie ain’t close to bein a good rapper
replyReply | -1 props | propProp | trashTrash
show trashed
wardju1 — about 1 year ago
This is what we need especially at times like this, Jay is doing exactly what he’s suppose to be doing…giving back and helping his people when they need it the most much respect to jigga and god bless the Bell family. It’s good to see black people sticking together and helping one another in a time of need. R.I.P Sean Bell
replyReply | 1 props | propProp | trashTrash
show trashed
thugacationcob — about 1 year ago
you know what, you gotta respect a dude like jay. that is what its all about. helping eachother.
replyReply | 1 props | propProp | trashTrash
show trashed
waterdawg — about 1 year ago
Thank you Jay Z for once again showing we (black people) have a heart, mind, and a purpose. You are a legend, in my top three of all time rappers. Niggas pay attention, this is how we’re supposed to represent each other. Gang banging in dead, be real men and stand up for our race. They trying to kill us niggas. We need another million man march, Malcolm X style. One love.
replyReply | 2 props | propProp | trashTrash
show trashed
gunnafam — about 1 year ago
The ultimate HUSTLA for real… That’s why he’s comin out with Blueprint 3, cuz he wanna show these youngins how to do it for real… I ain’t gone stunt, I been watchin and analyzin HOV’s every move and ya boys gearin up to take it ova… See you at the top my NiG…
replyReply | 1 props | propProp | trashTrash
show trashed
jackrobinson — about 1 year ago
Good shyt jay R.i.p Sean Bell ( no Justice) g0od l0ok jay das what it is they t0ok away there dad


das whats up


KeEpHipHop
Jack Rob
replyReply | 1 props | propProp | trashTrash
show trashed
randy — about 1 month ago
ui uiin,mkjuo puo
replyReply | 1 props | propProp | trashTrash
show trashed
 
 
 
 

Login or register to add a comment Login or register to add a comment

Create a new account or login to join in the conversation on Defsounds. You'll also be able to write blog posts, and interact with other community members.