Jay-Z: Music's $150 Million Man

In a $150 million deal certain to rock what remains of the record industry, Jay-Z has announced plans to depart Def Jam records and give the totality of his creative output — from songs to touring revenue to un-hatched entrepreneurial ideas — to concert promotion behemoth Live Nation. As Jay-Z told the New York Times, which broke the story on its website last night, "I've turned into the Rolling Stones of hip hop." Continue reading