With the $150 million 360 deal between Jay Z and Live Nation expected to terminate next year, it is anticipated that some key realignments will be witnessed in the recorded-music business. Once the deal terminates, it is likely that Jay Z will be forced to buy the stake owned by Live Nation. It is understood that billionaire rapper is keen to bring in other industry moguls to the ownership of the company. Other reliable sources indicate that even though Live Nation is not willing to renew the 360 deal, it is keen to uphold its business ties with Jay Z. According to an insider, Live Nation is no longer interested in the recorded music business, and that should not be seen as broken links between the two companies. For related article, check on pagesix.com.
As things shape up, it is becoming increasingly clear that the Universal Music Group could be in line to buy a stake in Roc Nation. This is particularly because Desiree Dez Perez, a top executive in the company, was seen to be warming up towards the deal. Jay Z recently accompanied her to UMG’s offices located in Santa Monica in California to meet UMG CEO Sir Lucian Grainge. Apparently, the two companies have a partnership history. Sources indicate that UMG is keen to deepen its business ties with Roc Nation. More article to read on igstar.com
Roc Nation is doing exemplary well business-wise. It has penned down recording deals with renowned celebrities, including Rihanna, Shakira, Fat Joe, and Meek Mill. Jay Z is also said to be in a touring deal with Live Nation, with sources confirming that the deal is too lucrative for Live Nation to let go.
About Desiree Perez
Desiree Perez is a longtime friend, business partner, and confidant to Jay Z. She is the executive behind the success of SC Enterprises as well as Roc Nation. Her negotiation skills are seen as her business strength, with a reputation of getting her way in most negotiations. For Dez recent timeline activities, hop over to this. One of the major negotiations associated with Desiree is the deal between Samsung and Rihanna. Click saltylens.com for additional article.
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