We have seen Jay Z blossom into one of the biggest titans within the music industry. Jay Z’s come-up with Roc Nation has been inspiring to watch and it has been in large part due to his savvy business dealings with the coveted 360 Deal. In 2008 Jay Z and Roc Nation signed a 360 Deal with Live Nation that amounted to a 10 year contract worth about $150 million in total. This deal, as most can realize by now, is about to expire. Now Jay Z and his Roc Nation crew, including business partner Desiree Perez, have to scope out the next deal to keep Roc Nation growing. Check pagesix.com
We are looking at Jay Z and Roc Nation potentially completely changing the paradigm of their deal with Live Nation or scrapping it entirely. The 360 Deal has triggered a ‘buy-sell’ option where both parties can renegotiate or choose to completely let the deal dissolve. Related article on igstars.com. Live Nation has already quietly implied that they are no longer interested in representing recorded, studio music anymore. The focus of the team at Live Nation is to cash in on the live performances by major recording artists — such as those found on the Roc Nation roster. For Jay Z’s part, he may be unwilling to do a deal that doesn’t include his recorded music — and for good reason. More to read on runninglip.com.
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Desiree Perez and Jay Z were spotted in downtown Santa Monica, CA meeting up with Sir Lucian Grainge in order to ostensibly discuss a new deal. Universal Music Group, the company that Sir Grainge runs, is of intense interest to both Jay Z and Desiree Perez. UMG could bring Roc Nation to the next level. Does Jay Z and Roc Nation choose to stay with the team they are familiar with? Or do they go to test new waters? To know more about Dez, click this useful link.
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