A $20 Million Concert Deal Forced Justin Timberlake To Return To Music

Business Insider

The mystery of Justin Timberlake's sudden return to music — with an album and a concert tour this summer — may have been solved.

Sources tell The Hollywood Reporter that Timberlake was pressured to return to music by Live Nation, which gave him around $20 million in 2009.  Timberlake supposedly received $5 million as a "gimme" plus $15 million payment for a future tour.

Live Nation is the live-events company dealing with concert promotions ranging from Madonna to Jay-Z

A high-ranking source tells THR: "There is a due date by which you have to start touring — at some point, [Live Nation] has to call in the loan."

According to THR, Timberlake could have returned the $5 million if he didn't tour. 

The partnership with Timberlake came on the heels of a successful $150 million, ten-year deal with Jay-Z in 2008 for live shows, tours, and future recordings. 

Jay-Z, of course, will be appearing with Timberlake this summer in his "Legends of the Summer Tour."

It was a surprise when the major pop star announced his return to music, and furthermore when he dropped an album,  "The 20/20 Experience," only three months later.

For one thing, Timberlake's been a busy man focusing on an acting career. 

He put out three movies in 2011 ("Bad Teacher," "Friends with Benefits," and "In Time") and had "Trouble with the Curve" with Clint Eastwood and Amy Adams out last year. 

Before his return, Timberlake also gave a lot of conflicting  quotes regarding his absence from the music world.

March 2011 he told Entertainment Weekly he thought he may return to music:  

”But to make an album, you have to find a group of songs that speak to something that might not be on the radio currently and make sense for you personally. It’s right around the corner, I think.”  

Then in May, he told Playboy music wasn't his focus at all, and that it may never be time for another album. However, he said he's always writing and thinking of ideas for songs:  

“I don’t have a single song ready to go," said Timberlake. “People keep asking me when a new song or album is coming out, and I don’t know what to say. Music is not my focus right now. It may be someday. It could happen next month or next year but right now it’s not where it’s at for me."  

But, then in June 2011 he told Vanity Fair to not bet on another album, but hinted a tour may not be out of the question:   

"I wouldn't say I'm not going to put out another [album]. I would say that would be a bad bet, if you were betting," said Timberlake. " But I could see myself only doing one more big tour."

It seems like Timberlake knew all along he would come back to music eventually and Live Nation was just cashing in on its $20 million deposit.   

"The 20/20 Experience" went on to sell 968,000 copies in its premiere week according to Nielsen Soundscan, and, though it didn't disappoint, the album didn't stand out among the critics either.   

Some reviews of JT's album: 

Some weren't impressed by the lengthy tracks, with ABC referring to  his music as secondhand:  

" He’s not any more talented than your average, well-coached teen-pop star. You’d be hard-pressed to find a pop album that takes itself more seriously than “The 20/20 Experience.”  Most tracks are  overextended to last  seven or eight minutes."  

EW also found the songs offering too much:

" The songs are a little too slow, too long, too lacking in the flashy tap-dance energy that made him a giant solo success when he was 23. Maybe he wants to be the young Frank Sinatra. But for now, he’ll have to settle for being a slightly older JT."

The Rolling Stone noted the lack of catchy beats of previous Timberlake songs:  

"The 20/20 Experience may test the patience of fans expecting immediate gratification. There are no songs as instantly infectious as "Like I Love You" or "SexyBack," nothing that cuts as deep as "Cry Me a ­River" or "My Love." But eventually the music sinks its teeth in, even on the wooziest songs."

The L.A. Times was more generous with its review:   

"'The 20/20 Experience' feels like an attempt to reclaim Timberlake’s space in a deeply altered landscape; it makes a play for timelessness at a moment of unabashed ephemerality."

Was the album rushed? Perhaps.   

And that may be why we'll be hearing another one out later this year. That, and, because of Live Nation.



More From Business Insider

Rates

View Comments (32)

Recommended for You

  • Tycoon buys 30 Rolls-Royces for Macau hotel

    A Hong Kong tycoon has placed the biggest ever order for Rolls-Royce cars, agreeing to buy 30 Phantoms to chauffeur guests at a luxury resort he's building in the global gambling capital of Macau. Stephen Hung's $20 million purchase surpasses the 14 Phantoms bought by Hong Kong's Peninsula Hotel in…

    Associated Press
  • Enjoy this refreshing Triple Play offer!

    Get FIOS TV Mundo starting at $79.99/mo. w/ no annual contract + 2-yr. price guarantee. Or sign for 2 yrs. & get a $300 prepaid Visa. Click here.

    AdChoicesVerizon FiOS ®Sponsored
  • Tycoon's arrest sends shock wave through Russia

    Tycoon's arrest sends shock wave through Russia MOSCOW (AP) — The arrest of a Russian telecoms and oil tycoon has sent shock waves through the country's business community, with some fearing a return to the dark days of a decade ago, when the Kremlin asserted its power by imprisoning the country's…

    Associated Press
  • Before You Buy Alibaba, Check Out 4 Top China Stocks

    Before You Buy Alibaba, Check Out 4 Top China Stocks While investors gear up for Alibaba Group 's (BABA) hotly anticipated initial public offering, don't forget about other Chinese stocks that are worth keeping an eye on. Today's Young Guns Screen of

    Investor's Business Daily
  • As Fed takes baby steps, Cramer's trick for profit

    In turn, Cramer says making money in the market, involves looking at the environment through the lens of the Fed. "The trick is to remember that they speak for the common person," Cramer said. "The Fed wants the common person to make money." With that backdrop always in mind, Cramer says it becomes…

    CNBC
  • Costco Stores in Canada to Stop Taking American Express

    “The credit card relationship between American Express and Costco Wholesale Canada will not be renewed when it expires” on Dec. 31, the company said today in an e-mail to Canadian customers. The message was attributed to Lorelle Gilpin, vice president of marketing and membership for Costco…

    Bloomberg
  • "The Retiree Next Door": How successful retirees stretch their savings

    "The Retiree Next Door": How successful retirees stretch their savingsBy the time she hit her late 40s, Toni Eugenia wasn’t sure she would ever be able to retire. Eugenia, 56, a pharmacy technician who lived in Houston, was nearly $200,000 in debt and

    Yahoo Finance
  • CNBC Anchor Calls Out Fed-Hater Bill Fleckenstein In Startling Shouting Match

    CNBC Bill Fleckenstein of Fleckenstein Capital appeared on CNBC's Futures Now program on Tuesday. Futures Now host Jackie DeAngelis came out swinging, asking Fleckenstein right at the top if he was willing to admit that he had misunderstood monetary policy. Sounding taken aback, Fleckenstein…

    Business Insider
  • Norwich Information Security MS

    Online, accredited, top ranked. NSA Center of Academic Excellence. Recognized by the Department of Homeland Security. Download your free brochure!

    AdChoicesNorwich UniversitySponsored
  • Beanie Babies creator's sentence debated in court

    Beanie Babies creator's sentence debated in court CHICAGO (AP) — Federal prosecutors seeking to put the billionaire creator of Beanie Babies in prison for hiding millions in Swiss bank accounts told appellate court judges Wednesday that the toymaker's sentence of probation threatens to erode the…

    Associated Press
  • Apple to unveil new iPads, operating system on Oct. 21 : report

    The company plans to unveil the sixth generation of its iPad and the third edition of the iPad mini, as well as its operating system OS X Yosemite, which has undergone a complete visual overhaul, the Internet news website said. Trudy Muller, a spokeswoman for Apple, declined to comment. The iPad is…

    Reuters
  • Play

    Citi, Bank of America Offer Discounted Mortgages

    Citigroup and Bank of America will offer mortgages at discounted interest rates to help borrowers with low incomes or subprime credit. AnnaMaria Andriotis joins MoneyBeat. Photo: Getty.

    WSJ Live
  • Margaritaville casino owners seek bankruptcy

    The owner of Biloxi's Margaritaville casino has filed for Chapter 11 bankruptcy protection Tuesday, only hours before a hearing where the landlord aimed to seize the property. The filing by MVB Holding LLC in U.S. Don Dornan, a lawyer for landlord Clay Point LLC, said the company had planned to ask…

    Associated Press
  • Embraer to sell 50 E-175 jets to Republic in $2.1 billion deal

    Brazil's Embraer SA, the world's third largest commercial planemaker, said on Wednesday it booked a firm order from U.S. The deal, which will be included in Embraer's order book for the third quarter, is valued at $2.1 billion, the planemaker said in a securities filing. The planes will be operated…

    Reuters
  • Gilead Stock Is Falling On These Drug Setbacks

    Gilead Stock Is Falling On These Drug Setbacks Gilead Sciences (GILD) shares are backsliding Wednesday on news that the patient drop-out rate for hepatitis C drug Sovaldi is quadruple that of clinical trials. In addition, the biotech's Phase 2 study results

    Investor's Business Daily
  • AARP® Auto Insurance Program from The Hartford

    50+? Request a free quote and you could save $404* on Auto Insurance from The Hartford!

    AdChoicesThe HartfordSponsored
  • Here's What Mark Cuban Wishes He Knew About Money In His 20s

    Cuban is the owner of the Dallas Mavericks basketball team. Billionaire investor and entrepreneur Mark Cuban is generous with his advice. When we asked him what he wishes he'd known about money in his 20s, he said:

    Business Insider
  • SHOE COMPANY: Our CEO Just Disappeared And Most Of The Money Is Gone

    "and like that: he's gone." This is an actual headline from a company press release: "CEO and COO disappeared, most of the company's cash missing." (Via FastFT) In a statement, German-based shoe company Ultrasonic said its CFO,  Chi Kwong Clifford Chan, has been unable to reach the company's CEO,…

    Business Insider
  • Play

    What the Fed Meeting Means for Bonds

    Janet Yellen & Co. are expected to hint at their timetable for raising interest rates. Here's how investors should prepare ahead of the meeting.

    WSJ Live
  • 10 rock-solid stocks for conservative investors

    10 rock-solid stocks for conservative investors Shares with low volatility can beat their indexes with less risk Bloomberg News/Landov U.S. Bancorp is the cheapest S&P 500 stock

    MarketWatch
  • Billionaire Investor Says Chinese People Work Harder And Western Companies Could Face Deep Trouble After Alibaba IPO

    Michael Moritz, the chairman of VC firm Sequoia Capital, is a huge fan of Chinese internet companies and reiterated his enthusiasm for the Chinese market in an interview with The Wall Street Journal Wednesday. The billionaire investor described the Alibaba IPO as a “major landmark event” that is as…

    Business Insider
  • Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More

    Top Analyst Upgrades and Downgrades: AEP, BHP, GE, Incyte, 3M, Tyco, Under Armour and More Stocks were firm on Wednesday morning ahead of the FOMC meeting outcome. Tuesday’s rally may have sparked higher interest again, and investors are looking for bargains

    24/7 Wall St.
  • Take Your Career in Law to the Next Level!

    Earn an accredited Master of Laws in only 1 year. 100% online, No LSAT required, and 5 concentrations offered, including Taxation Law. Apply today!

    AdChoicesThomas Jefferson Law Sponsored
  • 6 Things Debt Collectors Wish You Knew

    The work debt collectors do is not popular, and has become increasingly derided by those who don’t like what we do or simply don’t know the facts about debt collection. Too often, debt collection is painted with a broad brush to create a portrait that isn’t accurate, and doesn’t properly educate…

    Credit.com