The music industry is about to light up with interest as Jay Z and his company, Roc Nation, become free agents to be wooed once again. Jay Z sparked a deal with Live Nation nearly a decade ago for 10 years and $150 million. The deal was signed with the backing of partner and exec, Desiree Perez. Now Live Nation is looking to re-assess how their deal operates and that means that Roc Nation could be shifting gears. Additional article on saltylens.com
Reports have shown that Live Nation isn’t explicitly in the hunt for a deal with Jay Z’s recorded albums. An insider with sources said, “Live Nation is not in the business of buying recorded music any more.” With that being said, Live Nation knows the value that Jay Z brings with his live show so there is still interest there to recoup a deal for Jay Z’s work on the road. Still, insiders say not to be too optimistic. Another source stated, “Jay’s 360 deal with Live Nation is not being extended. Live Nation had bought into the artists’ rights and recorded music, but they are not extending any of those relationships.” Check businessunsider.in for more related article.
Roc Nation has already begun to engage in talks with other potential suitors. Desiree Perez, a longtime associate of Jay as well as a close friend, sat down with Sir Lucian Grainge for lunch and a conversation. Grainge is the CEO down at Universal Music Group and his company could be right in the hunt for what Jay Z has to offer. UMG Insiders have already started to try and downplay the meeting, “There has not been a discussion about the fact that the Roc Nation’s deal with Live Nation is coming up.” But we have to believe that this might just be smoke to obscure a very real deal in the making. For update on Dez recent timeline activities, click crunchbase.com.
To read Dez blogs hit https://www.tumblr.com/blog/desireeperezblog