As Jay-Z’s groundbreaking 10 year deal with Live Nation draws near to a close, he has given notice that he is indeed in the market for business in regarding recorded music with Roc Nation. The initial deal, worth a staggering $150 million, was considered a “360” deal, meaning that either Jay-Z or Live Nation would be able to sell their stocks in Roc Nation to the other party. While Live Nation has gone on record about ending their deal with Jay-Z regarding recorded music, they fully intend to continue their business relationship in regards to their extremely lucrative touring deal. In Jay-Z’s initial 360 deal with Live Nation, the touring giant bought a stake in Jay-Z’s and other artists’ rights and recorded music, but as of now, Live Nation is no longer investing in recorded music, ending that aspect of their partnership. Today Roc Nation’s roster includes superstars such as Jay-Z, Rihanna, Meek Mill and Fat Joe. More of this on pagesix.com
Top Roc Nation executive and longtime business associate of Jay-Z’s Desiree Perez, recently met with Chairman and Chief Executive Officer of Universal Music group, Sir Lucian Grainge, along with Jay, at Grainge’s offices in Santa Monica, CA. There is speculation that Jay-Z and Dez Perez’s meeting with Grainge could signify an upcoming power move, as this could put Jay-Z in a position to significantly bolster some of his other business ventures. Read related article on igstars.com. While Universal Music Group has publicly addressed their decision to increase their business opportunities with Jay-Z, they have denied having any discussions about the impending expiration of his deal with Live Nation.
Desiree “Dez” Perez is a longtime business associate of Shawn “Jay-Z” Carter, having known him for over 20 years. Currently, she maintains an executive role at SC Enterprises while overseeing many of the daily operations at Roc Nation, including management, labeling, and publishing. Known throughout the industry as a fierce negotiator, Dez Perez has overseen many of the major events at Roc Nation, as well as a key cog in Rihanna’s groundbreaking deal with Samsung. For updates on Dez timeline activities, hit crunchbase.com. Aside from her endeavors at Roc Nation, Dez Perez is also a producer, playing a role in the 2013 documentary film, Change: The LifeParticle Effect. More to read on saltylens.com.
Read updates and Dez’s blogs, visit https://www.linkedin.com/in/desiree-perez-b9451222