There’s no secret that Jay-Z is not only one of the biggest names in music but one of the most well-known businessmen in the sector. He is known to have an incredibly big business deal in place with Live Nation for $150, which is now coming to a close, leaving critics wondering what is going to happen to the company that was formed out of the partnership. The deal that was in place was for the formation of Roc Nation, Jay-Z’s very own record label. The deal was set to be in place for ten years and will be coming to a close in 2018. Related article on runninglip.com.
The contract in place was a 360-deal, which was an all around deal for Jay-Z for all the music he puts out and the shows that he plays at. Check pagesix.com. However, with the million dollar deal coming to a close, both the parties are going to be put in an interim phase where they can either chose to buy each other’s share of the company or sell it entirely to a third party. Sources have stated though that Live Nation plans to continue the music making deal that they have with the rap mogul, but plan to put an end to the deal in place taking care of all the tours that he does. Read more here.
Desiree Peres is also someone who is actively involved in this deal and has a lot to gain from the continuation of it. She has been a long time friend and business partner who has been handling all the business work for Jay-Z for an extremely long period. She has also been the tour manager for both Jay-Z and Beyonce’s world tours in the past. She is also in talks currently with Live Nation for the extension of the contract that Jay-Z currently has. Head over to hitsdailydouble.com .
Additional article to read on http://www.billboard.com/articles/business/7454416/why-kanye-west-squash-tidal-apple-music-beef