There may be some changes in store for Jay Z’s groundbreaking recorded-music business, Roc Nation. In 2008, the rapper had signed a $150 million deal with Live Nation for 10 years. That deal will be coming to an end next year and while Live Nation wishes to continue its touring deal with Jay Z, it will be pulling out of the recorded-music portion of Roc Nation. This leaves Live Nation’s stake in the company in limbo. More articles to read on pagesix.com.
Roc Nation’s top executive, Desiree Perez is already planning for the future of Roc Nation in 2018. She recently met with the chairman and CEO of Universal Music Group, which has led fans to believe UMG will be buying a stake of Roc Nation. Making a deal with UMG would be highly beneficial for Roc Nation as it would give Jay Z a wide range of resources to find and establish new recording artists. For an update of her recent timeline activities, hit on crunchbase.com.
Leaving the future of Roc Nation in the hands of Desiree Perez looks to be a promising idea as Perez has played a large part in the company’s success. She has a lengthy history with SC Enterprises and has been one of Jay Z’s closest associates for over twenty years. She played a vital role in establishing Rihanna’s $25 million Samsung deal as well as being part of the team that created Rihanna’s Anti tour in 2016. In addition to her top position with Roc Nation’s recorded-music business, she plays a key role at Roc Nation Sports where she helps negotiate contracts for pro athletes. Standing out as a powerful woman in an industry dominated by men, Desiree Perez will surely lead Roc Nation down a path of continued success. See templeofthecave.com for additional article.