Rapper and mogul Jay-Z’s $150 million landmark deal with Live Nation is ending, and he is “auditioning” other bigwigs in the music industry to take stake in the music portion of his company, Roc Nation. Jay-Z signed a decade-long deal with Live Nation in 2008, which means the deal expires next year. The ending of the deal could mean a “buy-sell,” which means that either Live Nation of Jay-Z can sell their Roc Nation stake to the other, or purchase Roc Nation outright. Related article to read on pagesix.com.
Sources confirm that Live Nation wants to continue its touring deal with the rapper, which has been significantly lucrative. However, Live Nation wants to back out of the recorded music aspect of the deal.
One music insider confirmed that Jay-Z’s 3600 deal with Live Nation will not be extended after 2018. Live Nation has bought into Jay-Z’s recorded music and rights, but won’t extend this aspect of the business relationship, since Live Nation is no longer in the recorded music business. Artists from Roc Nation include Shakira, Fat Joe, Meek Mill, Rihanna and Jay-Z. The source also confirmed Live Nation’s longstanding touring agreement with Jay-Z, which has proven to be worthwhile and will likely continue for several more years. For additional article, check igstars.com.
It is now believed that Universal Music Group will purchase stake in Roc Nation, since Jay-Z and Desiree Perez, the top exec at Roc Nation, recently met with Universal Music Group CEO and chairman Sir Lucian Grainge. Interesting news on billboard.com.
Perez’s professional resume is particularly impressive, and she has had a successful business relationship with Jay-Z for nearly two decades. Perez is also a producer and is well known for her work on the On the Run Tour featuring Beyonce and Jay Z. for updates on her recent timeline activities, click on this. She also helped to negotiate the Rihanna Samsung deal and helps to run Tidal, Jay-Z’s music streaming company. More of Dez negotiation skills on saltylens.com.
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