(EXCLUSIVE) Jay Z Pleads With Judge to Keep His Reported 150 Mill Dollar Live Nation Deal Out of Legal Battle
The judge denied Jay Z’s attempt to have the lawsuit dismissed and the case is scheduled for trial later this year, where he has been ordered to take the stand and testify.
Both parties have been filing documents in the case demanding certain documents or facts be included/excluded from the trial for various reasons.
Jay Z recently filed docs in the case demanding that his past criminal conviction NOT be allowed to be discussed in the courtroom. He explained that recently the man suing him mentioned he planned on bringing up the rappers criminal rap sheet in the trial. He said this is absurd for many reasons — including the fact he hasn’t had a criminal conviction in the past 10 years and the criminal case has NOTHING to do with the current case at hand.
The rapper also demanded that his net worth NOT be allowed to be brought up in court, claiming the only reason for telling the jury about his finances is to make them biased and award the plaintiff a bigger amount of money in damages.
On September 21st, Jay Z returned to court pleading with the judge to keep the terms of his massive deal with Live Nation be kept under seal and be discussed in court.
He says that the Live Nation agreement contains extremely sensitive financial information regarding his business relationship with the company. The 80-page document shows how Live Nation calculates the amount Jay is paid for each concert. He states that the plaintiff has recently mentioned he plans on including in evidence to possibly be used in the trial, but the music mogul is demanding the agreement be excluded from evidence in the case.
He explains that he has provided the plaintiff with spreadsheets with the actual revenue he brought in for concerts where he performed “Big Pimpin” and this should be sufficient.
Jay Z states that Live Nation maintains strict confidentiality of their artist agreements, with minimal amount of their employees even having access to the documents. He says the reason for it being so secret is if it was revealed it would ruin negotiations that Live Nation has with other artists along with compromise his bargaining power with other companies in the future.
Further, he says that he signed his deal with Live Nation in 2008, years after he had released “Big Pimpin” and therefore it is entirely irrelevant. The judge has yet to rule on whether the Live Nation contract will be allowed into evidence for the trial.
Interesting to note, back in 2008 it was reported Jay Z’s deal with Live Nation was worth an estimated $150 million dollars.
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