Roc Nation" is an American record label, management and music publishing company founded by Shawn "Jay-Z" Carter. Jay-Z, no longer heading Def Jam . Inked a deal with Live Nation to set up an imprint called Roc Nation. Implementing a reportedly redesigned business model
According to The New York Times, Jay-Z deal with concert promoter Live Nation for $150 million, one of the richest contracts ever awarded to a musician. This partnership includes financing for Jay-Z's own entertainment ventures (which are expected to become a record label, talent/management agency, and music publishing company). Live Nation is expected to contribute $5 million a year in overhead for five years, with another $25 million available to finance Jay-Z's acquisitions or investments. Roc Nation would then split profits with Live Nation. Jay-Z the first hip-hop artist to sign with Live Nation
Roc Nation handles a sizable roster of emerging producers and songwriters, who can be plugged into recording projects in various combinations on a full-service basis. Jay Brown, Roc Nation’s creative mastermind, envisions the company as ultimately bypassing outside entities altogether and doing everything in-house—signing acts, making records and distributing them in whatever way they see fit—a setup modeled on Berry Gordy’s original Motown.
Jay-Z, who inked a much-publicized $150 million, 360-deal with Live Nation in April, 2008, recently bought back his completed album from UMG for a reported $5 million, raising the question whether that album will now be part of the Sony pact
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