Desiree Perez and Jay Z Look to Future of Roc Nation
The entertainment world is on its toes as one of the biggest names in music comes up as a free agent. Jay Z signed a famous 10 year contract worth nearly $150 million with the company Live Nation back in 2008. That means, very shortly, Jay Z is going to have to start thinking about where he’s taking his huge business, Roc Nation, for the next leg of their journey. Jay Z has become one of the foremost names in rap and he is one of the most prolific come-from-entrepreneurs. His next move may be the biggest of his career.
Jay Z’s deal with Live Nation was called the 360 Deal. However, written into the contract was an option point in 2018 that provides each party the ability to buy or sell their stake of Live Nation. This means that the deal will be under fire soon enough. Jay Z and Live Nation will have to each individually decide where they want to go and how they want to go forward. Right now, musical insiders are saying that Live Nation wants to step away from Jay Z’s musical recording side. Instead, Live Nation is committed to working with Jay’s touring side of things.
When Jay Z has to discuss the future of his company, you can be sure that Desiree Perez is in the room to bounce ideas off of. Perez is a longtime friend to Jay Z and a business associate at ROc Nation. Perez has been instrumental in helping to bring up talent and to sign deals that push them to the next level. Perez and Jay Z were spotted in Los Angeles taking a lunch with Sir Lucian Grainge of Universal Music Group, or UMG. The lunch was supposedly just friendly meeting but it cannot be argued that a potential deal with UMG and Roc Nation might have come up. UMG is reportedly interested in Roc Nation but an insider close to the company also says that they are more than happy with the current partnership that exists between Jay Z and the team at Universal Music Group. and Follow him Twitter.com