Rap artist and music industry mogul, Jay-Z has recently been said to have reached out to several industry leaders in regards to taking a stake in the recorded music sector of his own Roc Nation. Jay-Z and Roc Nation initially had a deal with Live Nation for $150 million over the course of ten years, and the end is finally near. The 360 deal includes a clause that will allow for either party to purchase the other’s interest in the company if they choose. According to an insider with the company, Live Nation has decided not to renew their contract concerning the recorded music side of Roc Nation, presumably because of the immense changes within the music industry since the inception of the original deal. While Live Nation has no intention of renewing the recorded music portion of their deal, their partnership with Roc Nation has been extremely lucrative over the years, and they fully intend to continue their touring deal. Jay-Z, along with is top Roc Nation executive, Desiree “Dez” Perez, were recently seen leaving the offices of Sir Lucien Grainge, which are located in Santa Monica. According to inside sources, this could signify an impending power move between the two corporations, as Universal Music Group is already said to have a small stake in Roc Nation. If the two companies do decide to increase the terms of their business relationship, this could signify major changes throughout the whole of Roc Nation.
Desiree Perez is the Chief Operating Officer of Roc Nation and has been an active participant in the development of Jay-Z’s career, as well as the artists under the Roc Nation umbrella. She is known as a powerful negotiator and recently helped to put together a deal between South Korean conglomerate, Samsung. Perez remains intimately involved with many of the operations at Roc Nation, including publishing, management, and labeling.