The Summer of Jay Z is upon us and that could spell big things for the hip hop mogul. Jay Z is hitting up on the tail end of his Live Nation 360 Deal that was signed for 10 years at $150 million in total. The contract put Live Nation and Jay Z in a position to satisfy a number of contractual demands, increasing the profits of both partners. Now a ‘buy-sell’ option has appeared and that means that Jay Z and Live Nation both have the opportunity to turn away from the deal or renegotiate a new one. The big question here? Will Jay Z come back to Live Nation? Check this on pagesix.com.
Jay Z and his business partner Desiree Perez seem to be already putting their feelers out on potential new deals. Hit on billboard.com for an interesting article. Desiree Perez has worked with Jay Z for over twenty years and now it seems like they are moving in lockstep in order to pursue a potentially more lucrative deal. Perez and Jay Z were spotted out in Santa Monica, CA taking a sit down dinner with Sir Lucian Grainge. Grainge is the Chairman and CEO at Universal Music Group and this dinner takes on renewed importance thanks to the status of Jay Z’s contract. An insider at UMG immediately downplayed the meeting saying, “There has not been a discussion about the fact that Roc Nation’s deal with Live Nation is coming up.” Check apple.com for a glimpse of the music streaming world.
Jay Z’s prior contract with Live Nation featured a deal that focused on Jay’s recorded music as well as his live performances. Sources close to Live Nation have shown that the company is not looking to get back into the studio recording business but that they would still be interested in Jay’s live work. Jay Z and Desiree Perez appear to have quite the large order to fill ahead and it remains to be seen who they’ll go with. More related news on igstars.com
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