Live Nation continues to seduce some of the music industry's biggest artists

By SDH The music industry is about to suffer yet another blow when another one of it’s top selling artist will announce his move from a traditional record label to the country’s hottest concert promoter Live Nation. Rapper/Entrepreneur Shawn “Jay Z” Carter and Live Nation will announce this week a reported $150 million 10 year pact that will give the artist even more control over his career and the career of others. Pop star Madonna was the first major artist to link up with Live Nation in an all out deal worth $120 million. Is this the beginning of what may be a new trend among other top artists currently anchored to long term recording contracts with record labels who make most of the money? We think so. But Live Nation may be on the brink of getting in over their heads, but just on the Brink. The $150 million deal will see the formation of a new Joint Venture to be called Roc Nation, which will serve as the mother ship for Carter’s music ventures like a record label and management company. At 39 how far into this deal will he be rapping and doing shows? No one wants to see their dad on stage rapping in baggy jeans now do they?