It was recently reported that Jay-Z’s groundbreaking deal with touring powerhouse, Live Nation, is set to end next year. The original partnership, which was worth $150 million over a ten-year span, was a 360 deal, which allotted either party to buy the other’s stake in the company, or the entire company outright if they were in the position to do so. While Live Nation is set on ending their partnership with Jay-Z concerning the recorded music of the artists under the Roc Nation umbrella, due to the lucrative nature of their touring deal, they have been vocal about wanting to continue their relationship. Roc Nation currently houses a roster of musical titans, such as Fat Joe, Rihanna, Shakira, Meek Mill, and even Jay-Z. The music mogul, along with his close friend and high powered executive at Roc Nation, Dez Perez, was recently spotted outside the Santa Monica offices of Sir Lucien Grainge; the Chief Executive Officer of Universal Music Group. Inside sources have suggested that a new partnership may be brewing. If this speculated deal were to go through, this could mean the bolstering of the entire Roc Nation, as well as the artists under the umbrella. According to insiders at Universal Music Group, the company is already invested in the artists at Roc Nation on a small scale, but are interested in upping the ante.
Desiree “Dez” Perez is currently the Chief Operating Officer of Roc Nation, overseeing many aspects of the company’s production, including publishing and management. She has been one of Jay-Z’s closest associates for the better part of 20 years, helping to guide the trajectory of his career throughout that time. As a part of Jay-Z’s inner circle, Dez Perez has been known as an aggressive negotiator and was recently involved with the mega-deal between Samsung and Rihanna.