News: Jay-Z Concert Lands In The Red, Rapper Paid $750K For Poorly Attended Performance
Tuesday, May 5, 2009 4:34PM
Jay-Z's recent show at Arizona's Last Smash Platinum Bash concert last week reportedly failed to generate enough profits causing concert promoters a loss of nearly $1 million.
Performing at the venue's first concert in over 32 years, Jigga's presence was unable to avoid the promoters from landing in the red.
The Last Smash Platinum Bash, which featured Jay-Z and Kelly Clarkson, ended up $917,000 in the red. The concert cost $1.42 million, and ticket and merchandise sales brought in only $503,502, according to student organizers. Tommy Bruce, outgoing president of the Associated Students of the University of Arizona, blamed the event's struggles on the economy. "Nobody predicted the economy would be the way it is now last May," he said. The contract for Jay-Z, who was paid $750,00, was signed March 24. (Arizona Daily Star)
Jay recently spoke on his overall experience at the venue and broke down racial barriers found throughout hip-hop.
"On the show as well were Third Eye Blind and Kelly Clarkson," Jay explained. "I thought that to be the oddest pairing ever but, soon realized, it's what I've always professed. There is no such thing as black music or white music only good or bad music. It's stupid cool to like things that are not like you, and that goes for outside of music. If you're an African American you can have a Jewish friend...I think concerts like this should happen more often...I'm putting that into the universe..next up Taylor Swift and Uncle Murda!!" (Rap Radar)
Admission for the event ran from roughly $26 to $200.
The April 29 concert is presented by the Associated Students of The University of Arizona and any profits from the show will go into a scholarship fund. Tickets go on sale at 9 a.m. Friday (March 27) for UA students and at noon for everybody else online only asua.arizona.edu. Prices range from $26 to $200. (AZ Starnet)
He is known for bringing in large crowds and performing at historic venues including last October's performance at the renovated Hollywood Palladium in California.
"I'm honored to play such an iconic venue," Jay-Z said in a statement issued last August. "Just as Frank [Sinatra] ushered in a golden era, I hope this opening will mark the beginning of a resurgence in generation-defining live music." (Los Angeles Times)