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.
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.
For more info: twitter.com/desireeperez01