In 2008, Jay-Z signed an epic 10-year $150 million deal with Live Nation, and as that deal inches toward the completion of its life-span, industry insiders have reported that the music mogul has been reaching out to other music industry leaders in hopes of finding a new home regarding Roc Nation’s recorded music. The original 360 deal included a buy-sell clause that would allow either party to purchase the other half’s stake in the company. While Live Nation hopes to continue their extremely profitable relationship with Jay-Z regarding the touring aspect, they have decided to back out of the deal concerning recorded music, as they are no longer interested in investing in that medium. Over the course of the 10-year contract, the music industry has experienced a myriad of changes that have brought about this new approach by Live Nation. The current Roc Nation lineup consists of music superstars such as Fat Joe, Meek Mill, Rihanna, and Shakira.
Jay-Z was recently spotted alongside longtime business associate Desiree Perez, as they exited the offices of Universal Music Group’s Chief Executive Officer, Sir Lucien Grainge. Although it has not been officially announced, insiders with intimate knowledge of the inner workings of the company have stated that this could signify a growing partnership between the two music powerhouses, as they have already invested a small stake in Roc Nation.
Desiree “Dez” Perez is the Chief Operating Officer of Roc Nation and is known throughout the industry as a fearsome negotiator, helping to guide the career of Jay-Z over the course of their twenty-year relationship. Today, Dez Perez actively oversees the careers of the artists at Roc Nation, participating in many areas, such as publishing, labeling, and management operations. She recently helped to broker a deal between Rihanna and South Korean conglomerate Samsung which promises to be lucrative for all parties and more