Jay-Z has been known for his exploits involving the music industry for the duration of his career, and in 2008, he signed a deal with touring giant, Live Nation that was reported to be worth $150 over a 10-year period. That deal is set to come to an end next year, and music industry insiders have gone on record to state that the music mogul has been signaling many of the movers and shakers in an effort to get a new deal done in regards to recorded music. While Live Nation has been adamant about their intention to continue their relationship with Jay-Z regarding the touring aspect of their original deal, they have decided to end their relationship concerning his recorded music. Since the signing of the original deal, Live Nation has changed their stance on recorded music, and are no longer in the business of investing in it.
Jay-Z, along with the Chief Operating Officer of Roc Nation, Desiree “Dez” Perez, was recently seen at the offices of Sir Lucien Grainge; the Chief Executive Officer of Universal Music Group. As Universal has already invested in Roc Nation, albeit on a minute scale, it has been speculated by those with intimate knowledge that an impending partnership could be brewing.
In her role as Chief Operating Officer of Roc Nation, Dez Perez has continued to play an active role in its development since joining in 2009. Having been a part of Jay-Z’s tight-knit circle for the better part of 20 years, Dez Perez has helped to oversee many of the power moves credited to the music mogul, as she is known as a formidable negotiator. Part of her daily role at Roc Nation is to participate in aspects such as publishing, management and labeling operations. She recently played an integral role in Rihanna’s new deal with Samsung.
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