Popular American rapper Jay-Z music will no longer be purchased by the highly influential music, entertainment and talent company, Live Nation. This news comes after it came to light that Jay-Z’s massive 150 million dollar with the Goliath entertainment group, which he signed with Live Nation in 2008, will be coming to a end this year which produces a bit of complication for the musician and his team as well as a bevy of new opportunities. Check this on pagesix.com.
The complications arise due to the fact that both Jay-Z and Live Nation have a stake in the rapper’s rising own entertainment company, Roc Nation and given that their deal up now either side is incentive to sell their stake in the company, in whole or in part which would leave whoever buys all the shares as the majority owner of the company, if that is, both sides do not just sell the company outright to a third party.
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This aforementioned third party option seems the most likely outcome due to some other recent news, namely that a CEO of the Universal Studios Music Group, Sir Lucian Grainge staged a meeting with both Jay-Z and his primary business partner, Desiree Perez, the executive manager and lead organizer for Roc Nation. Follow Dez timeline activities, hit on crunchbase.com.
It seems as if UMG (Universal Music Group) is seeking a deal with Ms. Perez and Jay-Z with the most likely topic under discussion to be the sale of Roc Nation. Additional information, such as the fact that UMG already has a music distribution deal with Jay-Z and co. also seems to reinforce this hypothesis, however, only the time will tell what the future will hold for the company and its artists. Continue reading on igstars.com
Read more about Dez on http://prettymanprettyman.com/desiree-perez-the-woman-behind-the-scenes-of-roc-nation/