Music industry titan, Jay-Z, has reportedly been reaching out to many of the major figures within the music industry as his landmark deal with Live Nation is set to draw to a close next year. The deal between Roc Nation and Live Nation was for $150 million over a span of ten years, and as the end date looms close, either party now has the option to buy the other party’s stake in the company. At the onset of the deal, Live Nation decided to invest the recorded music at Roc Nation, in addition to the lucrative touring deal. While Live Nation has every intention of continuing their relationship with Jay-Z via their touring deal, they have decided not to continue their partnership in regards to recorded music. According to a statement given by an insider at Live Nation, the company is no longer in the business of investing in recorded music. Sources have also revealed, that upon spotting Jay-Z, along with his longtime associate, Dez Perez, were spotted at the offices of Sir Lucien Grainge in Santa Monica. Grainge is currently the Chief Executive Officer of Universal Music Group, and some have speculated that this could be the beginning of a significant relationship between Roc Nation and the industry juggernaut. This could mean wonders for the artists under the Roc Nation umbrella, which includes superstars such as Fat Joe, Meek Mill, and Rihanna.
Desiree “Dez” Perez is the current Chief Operating Officer of Roc Nation. She is actively involved with the company, oversee many of its daily operations, including publishing and management. Having been a part of Jay-Z’s inner circle for over 20 years, she is known as a supreme negotiator and has helped guide his career to new heights over that period of time. Dez Perez also recently helped to secure a major partnership between Samsung and Rihanna.