Jay-Z goes to LiveNation

So, all those predictions about Jay-Z joining Apple to launch a record label: Not true. It seems that he's instead going to join LiveNation instead, in what NME.com describe as:

a deal similar to those already signed by Madonna and U2.

Although since the U2 and Madonna deals are quite different - one a recording contract, the other a merchandising one only - it's hard to see how it can be similar to both.

The NME report also suggests that LiveNation is going to help fund Jay-Z's other business interests, as well, which proves that even although the banks have decided to stop pissing away money on crackpot schemes, there are still people who will fund any old whim providing it's got a shiny brand name attached to it.