According to industry insiders, Live Nation has decided to end the recorded music and musical rights portion of their deal with Shawn “Jay-Z” Carter. Besides Jay-Z, Roc Nation is home to a number of chart topping artists, including: Fat Joe, Rihanna, Shakira and Meek Mill. Due to the bankable nature of Live Nation’s touring deal with Jay-Z, they would like to continue working with him. Related article to read on runninglip.com
The original $150 million contract was the largest amount paid to a touring rapper in the history of recorded music. Now, it looks like both Roc Nation and Live Nation are working towards terms for a new touring contract. Check pagesix.com. Meanwhile, Roc Nation lead by their top executive, Desiree Perez is seeking another partner for recorded music division. Perez met with the CEO and Chairman of Universal Music Group (UMG) to discuss the possibility of an increased ownership stake in Roc Nation. UMG already owns a small portion of Roc Nation’s distribution. Talks with Desiree Perez are intended to extend that percentage, meaning they would receive a larger profit percentage from all of Roc Nation’s artists.
So who is Desiree Perez? Well, she’s the Chief Operating Officer at Roc Nation. Perez business ties with Jay-Z spans twenty years and under her leadership, Rihanna has become an international musical icon. Known as a tenacious negotiator, she played a key role in Rihanna’s lucrative deal with Samsung. Not only does Desiree Perez oversee Roc Nation’s artists development; but also the label’s publishing and operations divisions, as well. Her husband is the Director of Roc Nation Sports Agency, Juan Perez. Read blogs, and timeline updates from Desiree, click crunchbase.com.
In addition to being a trusted business associate and in charge of the recorded music division at Roc Nation; Desiree was an integral part of Jay-Z opening his 12,000 square feet, sports bars and lounge, 40/40 in New York City. For an update of Desiree’s recent timeline activities, hit crunchbase.com.
Read more about Dez on http://saltylens.com/tidal-negotiations-lead-by-desiree-perez/