Almost ten years ago, Live Nation and Jay Z entered into a lucrative contract for $150 million. Next year marks the end of the contract and Jay Z is already starting to contact other music industry bigwigs to get them to buy stack in Roc Nation. Live Nation wishes to continue the touring relationship with Jay Z. As far as the recorded music aspect, Live Nation will be backing out of it. Roc Nation features several artists such as Rihanna, Shakira, Fat Joe, Jay, and Meek Mill. Hop over to pagesix.com for additional reading.
The contract isn’t being extended because Live Nation no longer purchases artists rights and recorded music. As of now, Live Nation will not continue relationships that contain the purchase of rights and recorded music. On Wednesday, Desiree Perez and Jay Z met with the chairman of Universal Music Group, Sir Lucian Grainge. This caused rumors to start on whether Universal Music Group and Jay Z will make a deal. Sources within Universal Music Group stated they already had a distribution contract with Roc Nation and that they look forward to opening the doors on other endeavors with Jay Z. Sources also stated that there has been no discussion about the end of the contract coming to a close between Live Nation and Jay Z. Click here for a relevant article.
Desiree Perez aka Dez Perez, is a long time associate of Jay Z’s. He has collaborated with her on numerous projects and that relationship will continue. Dez Perez is the best of the best and knows how to crunch numbers. She is an aggressive negotiator and has worked with Rihanna on the Samsung deal and Beyonce’s Formation stadium contract. She has run and is currently running SC Enterprises. She is a huge part of the Collective, whom runs Roc Nation completely. More of this on prettymanprettyman.com. The Collective is known as the Hova Circle of Influence and in the circle are people that work in different sections of Roc Nation. To read blogs, and more, follow Dez on her facebook.com page.
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