Desiree Perez has been a vital associate, confidant, and business partner with Jay Z for nearly two decades. She’s been instrumental in helping various Roc Nation talent get to the next level and now it appears that she is taking center stage once again. Roc Nation and Jay Z are coming to the end of a 10 year contract with Live Nation that saw Jay Z earn $150 million. When the ten year deal expires in 2018 it will trigger a ‘buy-sell’ scenario where either party can opt out to pursue other deals. There are already rumors going around that Live Nation is seeking to offer a profoundly different experience while Jay Z has to contemplate his own choices. Check this on pagesix.com.
To start things off it appears that Desiree Perez and Jay Z went down to Santa Monica in order to have a sit down with the President at UMG. While Universal Music Group has been mum on the conversation it appears that this was a very clear and deliberate attempt to show Live Nation that change could be up in the air. At Universal we could see Roc Nation hit the next level in terms of talent development and business opportunity but it remains to be seen if that’s something they want to do. Head over to hitsdailydouble.com for related articles.
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Meanwhile back at Live Nation the company is reportedly mulling over their approach to music. An associate close to Live Nation thinking believes that the company is no longer interested in buying into recorded music. So any new deal with Jay Z would be exclusively focused on his live performances and the live performances at Roc Nation. Does Jay Z want to break up his company’s dealing process? Does Desiree Perez believe this is the right move? See prettymanprettyman.com for related news. At this point it is premature but music execs everywhere have to be licking their chops. Interesting article on billboard.com
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