Live Nation and Jay Z signed a $150 million deal ten years ago. The contract was to go for a period of ten, and that means that 2017 makes the end of it. The fact that Live Nation is currently not involved in buying recorded music makes it clear that the contract may not be renewed. Life Nation issued a statement saying that if they are to continue then the recorded music will not make part of the new deal.
Jay Z has several options and going to Roc Nation if just one of them. Many prolific artists relate to Roc Nation and call it home, some of these artists include Fat Joe, Rihana, Meek Mill, Shakira and Jay Z. The CEO of Universal Music Group held a meeting with Desiree Perez, a top Roc Nation’s executive, and Jay Z. The meeting raised a lot of questions and speculations that Roc Nation’s shares could be heading to Universal Music Group or the two are planning to sign a major contract. The two corporations have a good relationship and are even working together.
About Desiree Perez
Desiree Perez has worked for Roc Nation since 2009 as a chief operations officer. Her eight years at Roc Nation has proved her competency in areas like marketing, publishing, and management. Roc Nation has enjoyed fare deals, thanks to Perez’s strength in negation. Desiree Perez also helped Rihana to work on her deal with Samsung.Jay Z and Desiree Perez have a working relationship of over 20 years in different capacities and corporations. The two are known to have contributed a lot to the music industry. Desiree Perez is a member of a team of experts that is responsible for running and managing Roc Nation’s operations. Perez has made a lot of contribution to Roc Nation that has led to it reaching where it is.
Source of the article : http://pagesix.com/2017/04/20/jay-z-looking-to-cash-in-as-live-nation-deal-comes-to-close/