Roc Nation head executive Desiree Perez landed a meeting with Sir Lucian Grainge as the chairman for Universal Music Group. They met with him in his offices in Santa Monica, California. The speculation is that the Universal Music Group may place a hand in the pot with Roc Nation. This move may be something that allows for Jay Z to bring more new artists to the boards in order to bring a war against Apple and their head competitor Spotify. Read more on igstars.com.
The Universal music label has developed a deal for distribution with Roc Nation. This is just a very small percentage for the artists business. If UMG would invest more, the UMG would hold a larger stake for the Roc Nation artists.
The Universal Music Group insider says that the partnership is very significant without anything changing. For Jay Z, he alone is phenomenal and everyone thinks that doing business with him is great. For Desiree Perez, there is not a discussion that has been had in regards to the end of the deal between Live Nation and Roc Nation. For Updates on Dez timeline activities, hit on crunchbase.com.
The landmark deal for Jay Z that began with Live Nation started out with $150 million dollars. This deal is nearing a close and Jay Z has stated that he is approaching new music industry heads to earn a place in the stake of Roc Nation. Jay Z first signed the deal which was for 10 years back in 2008 for the price tag of $150 million. Check pagesix.com.
This deal, known as the 360 deal is coming to a close next year and this can result in the buy and sell means. This will allow for either side of the deal to purchase the other side of the contract for Roc Nation. The sources say that the deal for touring with Jay Z is still being maintained however the deal portion for the recorded side of the music is what they are hoping to close. More updates on Desiree’s linkedin.com page.
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