Jay Z’s deal with Live Nation is going to end soon, and the famous singer is looking to cash in with a new deal for Roc Nation. The Live Nation deal was signed in 2008. It was supposed to last for ten years, and it was worth one hundred and fifty million dollars. Since the deal is up, the future of Roc Nation is on their minds, as they can sell their stakes in the company or buy the company outright. Live Nation may continue the touring part with Jay Z, but as for the recording music part, it will not continue with a new deal with Jay Z. Live Nation just is not buying any recorded music anymore.
That forces Jay Z to look at cashing out with his stakes in Roc Nation. Rihanna is also an artist that is on Roc Nation.Desiree Perez, who is a top executive at Roc Nation, met, together with Jay Z, with the CEO of Universal Music Group. It is thought that Universal Music Group may be looking into a deal to buy off Roc Nation. Such a sale would give Jay Z the resources he needs to develop even more artists. Universal Music Group already has a small stake in Roc Nation, but there is speculation that a much bigger deal is on hand.
Desiree Perez is the Chief Operating Officer at Roc Nation. She has been a close associate of Jay Z for around two decades. She is known to be a queen of negotiation, and she is also known to be excellent when it comes to crunching numbers and figuring out what the results of a deal will be and whether a deal will be profitable. Desiree Perez is known for having played a major role in the deal with Rihanna and Samsung.