Live Nation and Jay Z entered into a contract together in 2008. The contract was for $150 million over the course of 10 years. However, the contract is coming to the end in 2018. Sources have stated that Jay Z is already reaching out to others in the music industry to purchase a stack in his company, Roc Nation. Live Nation has stated that they would not be extending the contract. The reasoning behind this is that Live Nation no longer purchases artists rights and their recorded music. But that doesn’t mean Live Nation and Jay Z will not do business with each other. Live Nation has stated that they wish to continue their lucrative touring deal, but they wish to discontinue any dealings with the recorded music aspect. Check pagesix.com for related article.
Speculations have already started when Desiree Perez and Jay Z met with the chairman of Universal Music Group. Universal Music Group is currently holding a distribution deal with Roc Nation and welcomes any further ventures with Jay Z. But sources have stated that as of right now, no discussions have been brought up about the ending of Jay Z’s contract with Live Nation. If a deal is made between Universal Music Group and Jay Z, it could open the doors providing resources to Jay Z that is needed to further his career.
Desiree Perez has worked closely with Jay Z over the past two decades. She has had her hand in many deals since she is well versed in the music industry. Desiree Perez has run the company SC Enterprises for a long time and that shows just how passionate she is with her career. She is well known when it comes to negotiations and is out of this world when it comes to crunching numbers. For updates on Dez timeline activities, click crunchbase.com. She is involved with the Collective. The Collective is known as the Hova Circle of Influence. This circle involves several people that work in different sections such as labeling operations, publishing, and management of Roc Nation, check this on onmogul.com.
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