Jay-Z Concert Loses Nearly $1 Million : Jay-Z Is Still Paid $750k To Perform

The first concert in Arizona Stadium since 1977 lost nearly $1 million. 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. “Nobody predicted the economy would be the way it is now last May,” he said. The contract for Jay-Z, who was paid $750,000, was signed March 24, 2008.

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