It seems that the lucrative, $150 million dollar deal between Live Nation and Roc Nation is coming to a close. Live Nation would like to retain its successful touring contract with Roc Nation but is opting out of the recorded music aspect of the deal. Desiree Perez, one of the top music executives for Roc Nation, was seen with Jay-Z having a meeting with Sir Lucian Grainge, the Chairman, and CEO of Universal Musc Group (UMG). This has started speculation that UMG is interested in buying stock in Roc Nation. According to a UMG insider, the company already has a small distribution deal with Roc Nation and would relish the chance to have a larger role in Roc Nation. Neither Roc Nation nor UMG was commenting on the current situation but with the current deal coming to a close it could trigger a “buy- sell” situation where either party could sell out or buy the other party’s share of the deal.
Desiree Perez has had close associations with Jay-Z for over twenty years working with him in Roc Nation. Desiree is a shrewd negotiator and was instrumental in the Rihanna Samsung deal. Ms. Perez has strengths in accounting, negotiating, and is a fierce business competitor. Desiree works with a group of business peers in managing Roc Nation in its entirety. Desiree works closely with the management, publishing, and labeling aspects of the company. To read the full details of the Roc Nation deal and more about Desiree Perez, please click here.