Live Nation and Jay Z has a deal for $150 million that is now coming to an end. The deal was signed in 2008 and was for a ten year period. When the deal expires either party could sell their stake in Roc Nation or purchase the company. According to sources although Live Nation no longer wants to be a part of the recorded music side they do want to continue their touring deal.
An insider stated Live Nation is not extending the deal since they no longer purchase recorded music. The Roc Nation artists consist of Fat Joe, Shakira, Meek Hill, Jay and Rihanna. Desiree Perez is Jay Z’s business partner. They had a meeting with Lucian Grainge, Universal Music Groups CEO and Chairman. The speculation is UMG may be interested in purchasing a stake in Roc Nation. This would give Jay the resources for new artist development. Hop over to saltylens.com for related article.
Desiree Perez and Jay Z have been close associates for nearly twenty years. They have an extremely long track record in the running of SC Enterprises. Desiree has proven she is highly qualified for her position and is extremely skilled when it comes to number crunching. She has a reputation as a tough negotiator and even Cookie from the Empire would not risk taking her on. For blogs and timeline updates, click this.
Desiree Perez had a part in the Beyoncé Formation stadium negotiations as well as in the deal made with Rihanna and Samsung. Check on apple.com for additional article. She belongs to a collective that runs the operations of Roc Nation. This includes the aspects of publishing, management operations and labeling. This collective runs all of the forces behind Tidal. Visit onmogul.com and have a glimpse of Dez new profile page.
This is a special collective of individuals and they call themselves the Circle of Influence. The other people involved with the group are Ty Ty Smith, Jay Brown, Chaka Pilgrim and Fleischman. Related article on templeofthecave.com
For updates on Dez recent timeline activities hit https://www.crunchbase.com/person/desiree-perez#/entity