As Jay Z $150, million landmark deal is coming to an end, there is no indication that the prominent rap music genius is planning to extend the deal. The ten-year deal which was signed in 2008 between Jay Z and Live Nation stated that each party could buy or sell their ROC Nation’s stake. The deal will come to a close in 2018, and it will be up for grabs.
According to reliable sources, Live Nation anticipates continuing its profitable touring deal with Jay Z, but they want to recuse from the recorded music business. Up to the end of the deal, Live Nation had purchased into Jay Z’s recorded music and rights, but henceforth they are withdrawing from recorded music entirely.
There have been lots of speculations about ROC Nation after Jay Z and Desiree Perez; ROC Nation’s executive director had a meeting with Universal Music Group’s chairman and CEO, Lucian Grange, at his offices in Santa Monica. Ever since there have been speculations that UMG is planning on buying a stake in ROC Nation.
If the deal with UMG goes through, it will avail more resources to Jay Z, and it would help him develop new artists and augment his streaming service Tidal. Universal Music Group is already in contract with ROC Nation regarding distribution. However, the agreement favors UMG in that it can have a larger stake of artists affiliated with ROC Nation. Some of the artists under ROC Nation include Jay, Meek Mill, Rihanna Shakira and Fat Joe. Related article on hitsdailydouble.com.
Desiree Perez popularly known as Dez Perez is a close associate of Jay Z for over 20 years and is the Executive person of Jay Z’s ROC Nation. She has positioned herself well in the music industry due to her abilities to source good deals for various artists as well her good record in running the affairs of SC Enterprises.
Desiree Perez is known for negotiating Beyonce’s Formation Stadium. Dez Perez was also very influential in Rihanna’s Samsung deal. She is also expected to play a major role in the cashing in of Jay Z’s $150 million deal with Live Nation.for Dez recent timeline activities, click on crunchbase.com.
To read blogs and updates from Dez, visit https://www.linkedin.com/in/desiree-perez-b9451222