The $150 million landmark deal between Jay Z and Live Nation is almost over. The deal was signed in 2008 and encompassed a period of ten years. Jay Z is now interested in having a stake in Roc Nation. With the deal coming to a close either side may be getting ready to sell their Roc Nation shares. According to an insider Jay’s deal with Live Nation will not receive an extension. The Roc Nation artists include Shakira, Fat Joe, Meek Mill, Rihanna and Jay. Check related articles on pagesix.com.
One of the executives for Roc Nation is Desiree Perez. Her meeting with Sir Lucian Grainge sparked speculation that a stake in Roc Nation may be purchased by the Universal Music Group. This would give Jay the ability to develop more new artists and give his streaming service a nice boost. The company has been fighting a rough war with Spotify and Apple. Although UMG already has a small percentage in Roc Nation a larger investment would help Jay Z immensely.
Desiree Perez and Jay Z have been close associates for nearly twenty years. They have both been running with SC Enterprises and have established a long track record. Desiree has proven herself highly competent at crunching numbers, has a reputation as a tough negotiator and a rather unique history. For more related articles, head over to this.
Desiree Perez was a part of the negotiations for the Beyoncé Formation stadium and also had a critical role in the deal with Rihanna and Samsung. She is a part of the group in charge of Roc Nations operations including publishing, labeling operations and management. This collective is responsible for the force behind Tidal. This special collective is known as the Hova Circle of influence. The individuals involved with the collective say it includes Ty Ty Smith, Jay Brown, Chaka Pilgrim and Jana Fleischman among others. More of this on onmogul.com