Jay-Z’s epic deal with Live Nation, which was said to be worth an estimated $150 million, is drawing near to an end, and as of late he has been signaling many industry titans about investing in his recorded music business with Roc Nation. The original deal with Live Nation began in 2008 and was set to last for 10 years. Because the deal with Live Nation, set to expire next year, is considered a “360,” it could result in a buy-sell due to the fact that either side could choose to acquire the other partner’s stake if they were indeed interested.
It has recently been reported that although Live Nation isn’t interested in renewing their partnership with Jay-Z in regards to recorded music, they would like to continue their touring deal, which to this point has been extremely lucrative for both parties. Questions have arisen about the status of Live Nation’s relationship with Jay-Z due to their decision not to renew the recorded music side of their partnership, but this is more of a result of their disinterest in recorded music in general. More to read on runninglip.com.
Roc Nation is currently the home of superstars such as Meek Mill, Fat Joe, Rihanna, and Shakira. Recently top Roc Nation executive Desiree “Dez” Perez, met, along with her boss, Jay-Z, with Chairman and Chief Executive Officer of Universal Music Group, Lucian Grainge, at his Santa Monica offices, which has intensified speculation about a possible deal between the two powerhouses. For her timeline activity update, hit on crunchbase.com.
Desiree “Dez” Perez is one of the highest ranking executives under the Roc Nation umbrella and has been a longtime partner of Jay-Z. Within the industry, she is known for her acute business acumen, overseeing many important aspects of the day to day operations at SC Enterprises. Check hitsdailydouble.com
While she continues to play a significant role as a close partner of Jay-Z’s, she has also played a major role in the mega deals with other artists at Roc Nation, including the deal between Rihanna and Samsung. Visit one of her social media account, click twitter @desireeperez01.
Additional article to read on http://pagesix.com/2017/04/20/jay-z-looking-to-cash-in-as-live-nation-deal-comes-to-close/