Jay Z has been the the man in every sense of the word ever since he signed his amazing 10 year contract with Live Nation back in 2008. The 10 year contract was locked in at an astounding $150 million and it gave Live Nation profits from both Jay Z’s work in the booth and his time touring around the world. You could say that the contract, despite its size, ended up being a pretty darn good deal for Live Nation. Now that 10 year deal is coming to an end and tendrils of doubt are shockingly creeping in between Jay Z and Live Nation. Additional article to read on saltylens.com.
Termed the ‘360 Deal’, Jay Z and Live Nation are entering an important moment in their relationship. When the deal is up something called a ‘buy-sell’ could end up being triggered. This means that you could see either Roc Nation or Live Nation walk away from the shared contract. Right now there are rumors saying that Live Nation wants to get away from at least the recording side of the contract. The reason? Well, a sourced insider claims: “Live Nation is not in the business of buying recorded music any more.” With that being said, Live Nation is still very clear in their interest of buying Jay Z’s touring rights. Check igstars.com for additional reading.
Roc Nation has been a prolific network for talent as it features Jay Z, Rihanna, Meek Mill, Fat Joe and Shakira. Jay Z has been running the company for years with his good friend and business associate Desiree Perez at his side. Click on templeofthecave.com for related news. Desiree Perez is well known for her work with Rihanna as well as other music professionals. The two top Roc Nation individuals decided to get proactive about their relationship with Live Nation by taking a dinner in Santa Monica with the CEO of Universal Music. While both sides say that there is no “there” yet, music execs would do well to wonder: is Jay Z on the move? See hitsdailydouble.com.
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