Reuters reported "Hip-hop star Jay-Z will play two free concerts this weekend in support of voter registration and the campaign of Democratic presidential nominee Barack Obama for the upcoming U.S. presidential election.
The first show is set for Saturday (October 4) at Detroit's Cobo Arena. Jay-Z will play Miami's Bayfront Park Amphitheatre the following day. Voter registration for the upcoming election ends Monday."
Reuters Link: http://www.reuters.com/article/entertainmentNews/idUSTRE4909LJ20081001
Video of the Concert
By FEC Laws Jay Z may only volunteer his time, and donate $2,300 to a primary and general election and $28,500 to a Democratic National Committee. Def Jam MAY NOT pick up the tab for FREE Concerts for Obama.
How is it possible for 2 free concerts to cost lest than $28,500.00??
How much does it cost for to rent Detroit's Cobo Arena and Miami's Bayfront Park Amphitheatre?
I am quite sure the cost of these events exceeded $250,000.
You need to pay for:
- Arena Staff
- Audio Visual Techs
- Rental of AV Equiptment
- Cost of Printing Tickets
Also, by LAW, these workers can not donate their time.
- Corporations and Labor Unions are also prohibited form contributing. This law applies to all incorporated organizations, profit or non-profit. Business owners are not allowed to make contributions from their business accounts.
- Donations of food, beverages, office supplies, printing or other services, furniture, etc. are considered "in-kind" contributions, so their value counts against contribution limits.
Important: Questions should be directed to the Federal Election Commission in Washington, DC: 800/424-9530 (toll free) or 202/694-1100.