As we count months passing and the year that was once fresh get old, for Jay-Z, 2017 is just a hindrance to the end of his 10-year deal with Live Nation. The $150 million deal that was struck back in 2008 is supposed to end sometime next year. With that said and done, this means that the deal will be back come next year offering both sides a ‘buy-sell’ situation. Therefore, either of the sides could sell their stake in Roc Nation or buy the company outright.
Rumors have it that Live Nation desire to continue its moneymaking touring deal with the successful rapper, Jay-Z. However, they plan to back out of the recorded music side of the business. On the other hand, reliable sources say that Jay Z’s deal with Live Nation is not being extended and they are not in the business of buying recorded music anymore.
Roc Nations acts as a home for famous artists such as Rihanna, Meek Mill, Fat Joe, and Shakira among many others. Although Live Nation wishes to see their long-standing relationship with Jay Z continue, the successful rapper seems to have another plan. Recently, together with his business partner, Desiree Perez they have initiated talks with the Universal Music Group (UMG). Close sources speculate that UMG plans to buy a stake in Roc Nation, a move that would give Jay-Z more resources to nurture new artists as well as support Tidal in the fight for streaming services market share. Click on igstars.com for related articles.
Desiree Perez, popularly known as Des Perez is a respected personnel in the business part of the entertainment industry. Des Perez is a close business partner to the successful rapper, Jay-Z. Jay-Z has a reputation of surrounding himself with the best people in the industry when it comes to the chase for money. Des has worked closely with Jay-Z for almost 20 years and takes pride in vast knowledge in running the SC Enterprise. More to read on saltylens.com
Desiree Perez is more than qualified personnel owing to her great negotiating skills and history of crunching numbers which means business. Desiree Perez played a significant role in seeing Rihanna’s Samsung deal succeed, among many other great deals that she has successfully won. See this. Desiree Perez is a member of the Hova Circle, a collective that runs the entire operations of Roc Nation. Check templeofthecave.com.
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