ESNS 2018 Super Leaderboard
ILMC 30 SL
LN Source SL
Ticketmaster ILMC 30 SL
EPS 2018
x

The latest industry news to your inbox.

    

Would you be interested in hearing about marketing opportunities?

news

Roc Nation ‘renews touring deal with Live Nation’

The rapper is reportedly seeking new investors for the non-live side of his Roc Nation business as the partners' ten-year 360 deal reaches its end

By IQ on 24 Apr 2017

Jay Z, Roc Nation, Oslo Spektrum 2013

image © Tom Øverlie/NRK P3

Jay Z is reportedly seeking new investors for the recorded side of his Roc Nation business, as the full-service entertainment company’s ten-year ‘360’ deal with Live Nation comes to an end.

Roc Nation was established in 2008 as a subsidiary of Live Nation. The mammoth deal, rumoured to be worth US$152 million, remains one of the biggest of 360 agreements, creating a new company incorporating recording, management, publishing, concert promotion and TV/film production divisions.

According to sources quoted by the New York Post’s Page Six, Live Nation wants out of Roc Nation’s recorded-music business, with Carter reportedly seeking new investment, potentially from Universal Music Group.

“Live Nation is not in the business of buying recorded music any more”

“Jay’s 360 deal with Live Nation is not being extended,” says one ‘insider’. “Live Nation had bought into the artists’ rights and recorded music, but they are not extending any of those relationships. Live Nation is not in the business of buying recorded music any more.

A spokesperson for Live Nation tells Billboard that is indeed the case: “Live Nation has a new long-term deal with Jay Z, and we expect to continue being equity partners in Roc Nation for many years to come.”

Artists signed to Roc Nation include Rihanna, Lil Wayne, Big Sean, J. Cole, Grimes, DJ Khaled and Demi Lovato.

 


Get more stories like this in your inbox by signing up for IQ Index, IQ’s free email digest of essential live music industry news.

More news

Jay Z confirms new 10-year touring deal with LN With their 360 deal coming to an end next year, Live Nation has has agreed a new arrangement to exclusively promote Jay Z's shows through 2028
Live Nation acquires US indie Frank Productions The concert giant has made its first acquisition of 2018, buying a majority stake in Frank Productions, one of the US's leading independent promoters
DC promoter Jack Boyle passes aged 83 Boyle, whose Cellar Door Productions company was one of the last major independent promoters in the US in the pre-consolidation era, has died after a...period of illness
Lee Anne Callahan-Longo joins Live Nation’s ... Beyoncé's former business manager is joining forces with Guy Oseary at Maverick, which manages Madonna, U2 and Paul McCartney
AEG Presents promoter exits to form management co Rebeca León will apply her Latin music expertise to her a new company, Lionfish Entertainment, managing the careers of J. Balvin and Juanes