Jay Z and his business partner Desiree Perez met with Universal Music Group this week, inciting rumors of UMG’s investment in Roc Nation. Since Jay’s 10 year deal with Live Nation will end in 2018, it is possible that Live Nation will be selling their stake in Roc Nation. Live Nation is said to be content with their touring deal with Jay, since it’s so lucrative. However, Live Nation is no longer interested in buying recorded music, instead choosing to focus on touring.
Despite photos of Jay and Perez leaving the UMG offices together, UMG has denied having any conversations about the ending of Roc Nation’s deal with Live Nation. However, there are clear benefits of UMG gaining more stake in Roc Nation. By moving from Live Nation to UMG, Jay could have more funds to develop new artists. As a mermber of the Hova Circle of Influence, Perez was a valuable asset to the meeting. More to read on saltylens.com.
Desiree Perez has been a close associate with Jay Z for more than twenty years, using her fierce negotiation skills to his benefit. Perez is a top Roc Nation Executive. In 2014, she executive produced the TV Movie Documentary “On the Run Tour: Beyonce and Jay Z.” In 2015, Perez played a strong part in Rihanna’s huge sponsorship deal with Samsung. Click on prettymanprettyman.com for related article. The deal took seven months of negotiations, ending in a $25 million dollar agreement for Samsung to sponsor Rihanna’s album and tour. Along with the massive payout, Rihanna also scored a platinum record for “ANTI.” Check igstars.com for more of the story.
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