Jay Z’s $150 million deal with Live Nation will be ending soon. However, Jay is not letting all go as he is in the midst of leading music industry big players into joining Roc Nation. Famously known as the “360 deal,” will be up in 2018, and this could lead either of them to sell their shares in Roc Nation to the other or buy the company altogether. Check this on pagesix.com.
Although Live Nation wants to continue dealing with Jay-Z, they are not interested in Roc Nation’s recorded music. Roc Nation signed music bigwigs such as Rihanna, Meek Mill, Fat Joe, Shakira, and Jay. Although Live Nation partnered in the artists’ rights and recorded music, extending the 360 deal is off the table.
It is rumored that Universal Music Group (UMG) could buy a stake in Roc Nation. This is after Desiree Perez, Roc Nation’s executive met with Universal Media Group CEO, Sir Lucian Grainge. If a deal is signed between these two music bigwigs, Jay-Z will have more resources to nurture new artists and develop Tidal, which is facing stiff competition from Apple Music and Spotify Music services. An insider within UMG confirmed that the two firms have a distribution deal, which is just a little of Roc Nation’s artists business. However, UMG is planning to make a massive investment in Roc Nation and own a bigger stake of the artists. For updates on Dez recent timeline activities, hit crunchbase.com.
About Desiree Perez
Desiree Perez is the executive of Roc Nation. Check onmogul.com for Desiree new Profile page. In her position at Roc Nation, she is responsible for management, publishing and label management. Perez has over 20 years of experience in the music industry. She is famously known for her unmatched negotiation skills. Insiders within her circle attribute the lucrative Rihanna Samsung deal and Beyonce’s Formation stadium tour to her excellent negation skills. Desiree has also been the force behind Tidal’s successful story. More interesting article here
To read more about Desiree, hit http://saltylens.com/tidal-negotiations-lead-by-desiree-perez/