Madonna, ever the pioneer, is the first artist to cut a deal with online “ticket brokerage” (or shall we say, scalper) StubHub. Girl is down to make some cash.
StubHub, which is owned by eBay, works like it’s parent online auction house. People put tix up for bid, and highest offer wins.
Madonna has entered into the first ever artist deal where in she not only gets a base fee, but a percentage of final sales of her concert tix. So, the higher you buy her tix for, the more she makes.
Mind you Madonna tix already don’t come cheap. She charges upward of $300 for the best seats in the house, already more than the average music lover should be paying for a concert.
Didn’t feel like waiting outside in the NYC rain for 60 HOURS to get inside the private (and free) Madonna concert at Roseland Ballroom last night? Are you now kicking yourself in the ass after hearing about Justin Timberlake’s surprise apperance?
After months of speculation over his next big venture, Jay shows his hand.The New York Times reports that later this week he will finalize a monumental $150 million deal with concert behemoth Live Nation.
The deal answers a question that had been circling through the rap world for months: Where would Jay-Z take his next corporate role? As part of the arrangement, Live Nation would finance the start-up of a venture that would be an umbrella for his outside projects, which are expected to include his own label, music publishing, and talent consulting and managing. Live Nation is expected to contribute $5 million a year in overhead for five years, with another $25 million available to finance Jay-Z’s acquisitions or investments, according to people in the music industry briefed on the agreement. The venture, to be called Roc Nation, will split profits with Live Nation.Continue reading this post…
After months of speculation over his next big venture, Jay shows his hand.The New York Times 
