The record-breaking deal Jay-Z closed with Live Nation is coming to a close as the ten-year mark draws near and the industry juggernaut has public stated their interest in continuing their lucrative partnership with the rapper, albeit with a major change. Live Nation no longer invests in recorded music, which in the new deal with Jay-Z, he’ll be able to entertain other lucrative options from industry leaders. Because of the nature of the original deal, Live Nation or Jay-Z could choose to sell their stake in Roc Nation to the other party. Jay-Z has been open with his willingness to negotiate with a new major, and it has been announced that he is in talks with Universal Music Group. Check imdb.com for additional articles.
A deal with Universal Music Group could help to improve several aspects of Jay-Z and SC Enterprises business relations, being that music is only a small part of Jay-Z’s repertoire and megastars such as Rihanna, Meek Mill, and Fat Joe are all under the Roc Nation label. Recently, Jay-Z’s top-ranking executive, Desiree “Dez” Perez, met with him and Sir Lucien Grainge, Chairman, and CEO of Universal Music Group, at Grainger’s Santa Monica, CA, offices to discuss future endeavors. According to industry insiders, there is an existing distribution deal in place between Universal Music Group and Roc Nation, which gives further credence to the notion of an extended partnership. More on templeofthecave.com.
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Desiree “Dez” Perez has been a close personal associate of Shawn “Jay-Z” Carter’s for the better part of the last twenty years. She is currently a key figure at Roc Nation, along with several of Jay-Z’s closest associates, overseeing the daily operations. Known for her keen business acumen and negotiation skills, she has been directly responsible for many of the large scale events associated with superstars, Beyonce and Rihanna. Related article on saltylens.com
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