Back in 2008 Jay Z, through negotiations lead by his business partner Desiree Perez, signed a monumental deal with Live Nation for a cool $150 million dollars. That deal is about to expire and it appears that Live Nation will opt out of the “360” deal. This simply means that either party could buy the other outright, or sell their shares back to them. It seems Live Nation has no interest in owning Roc Nation. Read related article on pagesix.com.
As everyone in the music industry knows the money is in touring these days, not in recorded music. A music industry insider was recently quoted in an article by Emily Smith “They (Live Nation) have a long-standing touring relationship with Jay, which is very lucrative. It is believed Live Nation wants it to continue for many years.” He also said that Live Nation will not be extending any of their artists rights and recorded music they have bought into. Check runninglip.com for more news about Desiree.
Recently, both Desiree and Jay met with Sir Lucian Grainge, chairman and CEO of Universal Music Group, fueling rumors about UMG possibly buying into Roc Nation. UMG has a distribution deal already with Roc Nation, but they might possibly be looking to own a bigger chunk.
Desiree Perez is the Chief Operations officer at Roc Nation, and if any deals are to be made with UMG, she will be front and center. Jay Z and Perez have a long business relationship, and she has a reputation for being a tough negotiator and her skills with numbers is well known in the industry. Additional article on templeofthecave.com.
Perez has had her share of controversy over the years, but Roc Nation will survive and grow because of her street smarts and grit. With her at the helm, we could soon see another epic deal like the one they made back in 2008. Have updates on Desiree’s timeline updates, visit her facebook.com page.
Be sure to read this interesting article on http://www.billboard.com/articles/business/7454416/why-kanye-west-squash-tidal-apple-music-beef