Jay Z signed a deal worth $150 milli0n with Live Nation ten years ago. The contract was to last for ten years meaning that next year is their last year together. There were speculations that the deal would be renewed, but Live Nation cleared the air and also said that they no longer buy recorded music. Live Nation said that they could continue but not including the recorded music deal. Early signs show that Jay Z could be heading to Roc Nation for more sales.
Roc Nation is home to Jay Z, other prolific artists who are members of Roc Nation include Rihana, Fat Joe, Shakira and Meek Mill. Jay Z and top Roc Nation’s executive Desiree Perez met Sir Lucian Grainge the CEO of Universal Music group. The meeting which took place in Sir Lucian’s office raised eyebrows that UMG could be planning to buy some shares from Roc Nation.
United Music Group and Roc Nation already have a working relationship but in a small percentage. Signing another deal will mean that UMG’s stake at Roc Nation will go high. United Music Group Company has developed a lot of interest in the agreement terming Jay Z as phenomenal.
About Desiree Perez
Desire Perez has been Roc Nation’s chief operating officer since 2009. Her contribution to the company is incredible; she has been involved in areas like publishing, marketing, and management. She is also engaged in Rihana’s Samsung deal. She is a great negotiator, and the company has her record ever the same and more
Desiree Perez is part of the collective team that runs and manages operations at Roc Nation. Jay Z and Desiree Perez have been working together for more than 20 years. Their twenty years of working together made a lot of contribution to music industry.
The Summer of Jay Z is upon us and that could spell big things for the hip hop mogul. Jay Z is hitting up on the tail end of his Live Nation 360 Deal that was signed for 10 years at $150 million in total. The contract put Live Nation and Jay Z in a position to satisfy a number of contractual demands, increasing the profits of both partners. Now a ‘buy-sell’ option has appeared and that means that Jay Z and Live Nation both have the opportunity to turn away from the deal or renegotiate a new one. The big question here? Will Jay Z come back to Live Nation? Related article on pagesix.com
Jay Z and his business partner Desiree Perez seem to be already putting their feelers out on potential new deals. Desiree Perez has worked with Jay Z for over twenty years and now it seems like they are moving in lockstep in order to pursue a potentially more lucrative deal. To read more about Dez, click on prettymanprettyman.com. Perez and Jay Z were spotted out in Santa Monica, CA taking a sit down dinner with Sir Lucian Grainge. Grainge is the Chairman and CEO at Universal Music Group and this dinner takes on renewed importance thanks to the status of Jay Z’s contract. An insider at UMG immediately downplayed the meeting saying, “There has not been a discussion about the fact that Roc Nation’s deal with Live Nation is coming up.”
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Jay Z’s prior contract with Live Nation featured a deal that focused on Jay’s recorded music as well as his live performances. Sources close to Live Nation have shown that the company is not looking to get back into the studio recording business but that they would still be interested in Jay’s live work. Jay Z and Desiree Perez appear to have quite the large order to fill ahead and it remains to be seen who they’ll go with. Head over to igstars.com for a related article.
Interesting article to read on http://www.billboard.com/articles/business/7454416/why-kanye-west-squash-tidal-apple-music-beef