Jay-Z's leaving Def Jam for a Live Nation contract that covers his music and related ventures for the next 10 years. The perks:
- $25 million up front
- $10 million advance per album for a minimum of three
- $25 million for tours
- $20 million for publishing, licensing and other rights
"I've turned into the Rolling Stones of hip-hop," he quipped.
The tide it is a-turning. For record labels, anyway. Jay-Z's the same old Jay-Z -- ahead of the curve. Which you can afford to be when you're among the few rappers not convinced that "staying real" means never quite cashing in.
And the floodgates will open now, signing musicians like free agents in sports.
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