As Jay-Z’s groundbreaking deal with Live Nation, reportedly worth $150 million, is nearing its end, reports suggest that the hip-hop mogul has begun reaching out to several industry titans in reference to taking a stake in the recorded music sector of his own Roc Nation imprint. The original deal is what is known as a 360 deal, and was signed in 2008. At the conclusion of the deal in 2018, Jay-Z or his partners at Live Nation could decide to sell their portion of the interest to the other party. While Live Nation is wholly interested in continuing their touring deal with Jay-Z, which has proved to be very lucrative for both parties, they have decided to remove themselves from the recorded music sector.
Live Nation’s decision to back out of this portion of the deal is, according to reputable sources, due to the fact that they are no longer in the business of investing in recorded music. In the original deal, Live Nation had bought into the rights of artists who are under the Roc Nation imprint. The Roc Nation roster currently includes superstars such as Rihanna, Meek Mill, Fat Joe, Shakira, and Jay-Z himself. According to the source who leaked the information regarding the end of the recorded music deal between Live Nation and Jay-Z’s Roc Nation, the touring powerhouse would like to extend their relationship with Jay-Z for years to come.
Desiree “Dez” Perez is one of Jay-Z’s closest business associates, having been intimately involved with his business dealings for the better part of 20 years. She currently holds an executive position at Roc Nation and is a part of the tight-knit group commonly referred to as his circle of influence. She has been recognized as a tough negotiator and was recently involved with a major deal involving Rihanna and Samsung. and Follow him Twitter.com