I imagine this is how it works. Jay-Z gets a massages, makes millions. Jay-Z enjoys a Cuban cigar in Cuba, creates a multiyear, worldwide partnership with Universal Music Group. It’s all pretty simple.
Not.
Jay-Z, a man of many hats, and Roc Nation announced today that they’ve entered a multiyear partnership with the largest music company, Universal Music Group. In the partnership, the Roc Nation music label will able to operate as it’s own label inside UMG.
“This agreement presents a unique opportunity for Roc Nation’s artists — being able to continue to operate as an independent label with the strength, power and reach of the best major,” said Hov in a statement.
Just last week, Roc Nation hit headlines with the arrival of their sports agency, Roc Nation Sports, after signing their first client, New York Yankees’ Robinson Cano. What’s next up Hov’s sleeve? The Great Gatsby soundtrack.
[LA Times]