The music industry works in a similar fashion to other industries in the world economy; it survives on investments in talent. Companies and organizations invest in the music industry’s artists, recorded music, touring and merchandising. The investment deals give artists and producers capital to create popular music and crowd-pleasing shows.
Ten years ago, Jay-Z entered into an investment deal with live entertainment giant Live Nation, but the deal is nearly over, and Live Nation has not expressed interest in renewing its terms of investment with the rapper. The $150 million deal with Live Nation included interests in recorded music by Jay-Z and other artists on his label Roc Nation. While sources with information on Live Nation have made it clear that the company plans to keep its lucrative touring and live entertainment relationship with Jay-Z, its future plan no longer includes investments in recorded music. Check this on pagesix.com. The end of Live Nation’s support of Jay-Z and other artists on his label leaves investment opportunities open for other possible funding sources.
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The top executive for Roc Nation, Desiree Perez, and Jay-Z wasted no time fielding offers and seeking to build investment relationships with new music groups such as Universal Music Group. Even though no business relationship has been finalized, meetings like the one with representatives from UMG highlight new possibilities for the future of Roc Nation’s recorded music projects. Additional article on saltylens.com.
Including Desiree Perez in talks with some of the biggest names in music is a strategic move and has resulted from her long track record with Jay-Z and his artists, including Rihanna. Perez has been working with Jay-Z for 20 years, negotiating arrangements for the rapper and other unique deals like the relationship between Rihanna and Samsung. See hitsdailydouble.com for additional article.
Take a quick tour of the music streaming world on http://www.apple.com/music/