JAYZ’s roc nation deal is due completion in the coming days, and the rap god is opting to get into a different music production deal. He has decided to take part of his money invested from his recorded music at Roc Nation. He had signed a whopping deal of $150 million for ten years with Live Nation. The deal is set to expire this coming year meaning that it may sell its stake in Roc Nation to another company or buy the company completely.
Reports have indicated that Live Nation is in the course of continuing with the deal signed with Jayz but is on the recorded music division. Jay-Z’s deal with Live Nation is no longer being extended despite the company buying artists rights to record their music. This is because the Live Nation is out of the business of buying recorded music. Other Roc Nation artists include Rihanna, Fat Joe, and Shakira. Although Live Nation may not be involved in buying recorded music anymore, they still have a signed touring deal with him. See pagesix.com for additional article/
Jayz and his Roc Nation executive Desiree Perez met the Chief Executive Officer of Universal Music Group in Santa Monica. This caused speculations that the CEO might buy the Roc Nation stake. This will act as a boost for Jayz for he will have a chance to develop future artists and enhance streaming in his services which are in a war with apple music and services from Spotify. Related article on igstars.com.
Universal Music Group says that the company has made whole deals with Roc Nation on distribution. They term this as a small percentage of the business and that they could own a bigger proportion of Roc Nation if they signed for more significant investment.
Desiree Perez is a producer associated with the Run Tour. She resides in the New York City. Perez has been nominated for the Primetime Emmy awards. She is known for her skills of negotiation and capacity to crunch numbers. She has worked closely with Jayz, and her track record is incredible. She has been part and parcel of the board that runs the whole operations of the Roc Nation. For Dez recent timeline activities, hit on crunchbase.com.
Learn more about Desiree visit https://www.linkedin.com/in/desiree-perez-b9451222