Roc Nation Looking To Cash In As Live Nation Deal Comes To An End

Jay-Z alongside his longtime associate and the top executive at Roc Nation, Desiree Perez are looking forward to scoring big for their entertainment company as the deal between Roc Nation and Live Nation Entertainment comes to close. Back in 2008 Jay-Z signed a massive 150 million dollar deal with Live Nation which was meant to last for ten years. Next year will see the “360 deal” coming to an end which means either side of the two parties could sell their shares in Roc Nation or if still interested buy the company altogether. Some of the top artists at Roc Nation are Rihanna, Shakira, Meek Mill, Jay-Z among others.

Sources reveal that Live Nation is still interested in continuing the touring deal with Jay-Z but not in for the recorded music part. An insider source was quoted saying the deal between Live Nation and 350 could soon end. With such a looming end, the music recording deals and artists’ right that Live Nation had will also be no more. The move could be so because of Live Nation’s business model of not buying recorded music. On the other hand, the company regards its touring relationship with Jay lucrative and hopes to extend it for many years.  To read more about this, click on pagesix.com.

Desiree Perez and Jay Z met with the CEO and chairman of Universal Music Group, Sir Lucian Grainge raising speculation that UMG is up to buy some stakes in Roc Nation. Although an insider at UMG disclosed that they already have a distribution partnership with Roc Nation no talk of buying stake has occurred. He added that it would be phenomenal working with Jay.

About Desiree Perez

Desiree (Dez) Perez is a long-time associate to rapper mogul Jay-Z; a time span of almost 20 years and also a top executive at Roc Nation. She is termed the brains behind the success of Roc Nation and has a solid reputation when it comes to negotiations and crunching numbers. Her track record is incredible earning her the qualification to work in management, labeling operations and publishing at Roc Nation. Related article on saltylens.com . She has assisted many artists notably the Samsung deal for Rihanna among others deals with other artists.  More to read here.

To read updates, click https://www.linkedin.com/in/desiree-perez-b9451222

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