First Madonna. Then U2. Now Jay-Z. These are just a few of the artists who are going to make big bucks over the course of the next 10 to 12 years through Live Nation. Artists like Madonna and Jay-Z are leaving the majors and signing on with the soon-to-be extremely wealthy concert promotion company with deals that consist of things such as selling their merchandise, backing their concerts with dollars, and in Jay's case, money to start a business venture. My question is, while all of that may sound great, why would artists of their caliber commit to a company so long?
Better yet, why not start their own business ventures and just seek endorsement money for their tours from a company like Live Nation? And even more important, why does Jay-Z need a $20 million advance? Isn't he rich enough?
These kind of deals are just another example of the rich getting richer. I just wonder, given the state of the music industry, if they will be that profitable in the end.
And this is why artist don't need people buying their music. I'm sorry; I really had to finish your point. How are these artists able to get such advances if the "music industry is doing so poorly in sales"? Naw... LimeWire live on! Thank you very much.
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