JAY-Z says "It's good to be BACK HOME" after LIVE NATION turns down 300 million deal

[KENNY DA COOKER]

"I ran through that buck fifty Live Nation fronted me
They workin' on another deal, they talkin' two hundred fifty
I'm holdin' out for three
Two seventy five and I just might agree" - Hov "3 kings"

LIVE NATION said

Universal Music Group announced a global partnership with Roc Nation, the label Jay-Z founded in 2008 as part of a $150 million deal with concert promoter Live Nation. The world’s largest record company lured the hip-hop mogul away from Sony Music, which had been distributing Roc Nation’s releases previously.

“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 Jay-Z in a statement. “I look forward to a long and prosperous collaboration with UMG.”

Terms of the deal were not disclosed, but Jay-Z’s company will continue to operate as a stand-alone entity. Universal will provide distribution, though a representative says the pact is “more of a partnership and not a traditional distribution deal,” but not a joint venture. The agreement will allow Roc Nation artists the flexibility to receive marketing support from whichever one of its sub-labels fits best.

Perhaps most interestingly from a FORBES perspective, the deal means that all five of hip-hop’s wealthiest artists–Diddy, Jay-Z, Dr. Dre, Birdman and 50 Cent–and ten of last year’s top earners are now all on labels within the Universal umbrella.

The agreement also marks a return for Jay-Z, who left his position as president of Universal’s Def Jam Records to start Roc Nation five years ago.

Since then, he’s built his company into a legitimate counterweight to Birdman’s Universal-distributed Cash Money Records and Def Jam itself, which bought into Jay-Z’s original Roc-A-Fella Records over 15 years ago.

That symbolism isn’t lost on Jay-Z, who summed up his sentiments in a statement:

"It feels good to be home."

http://www.forbes.com/sites/zackoma...eal-for-jay-z-hip-hop-hegemony-for-universal/


"Hear the freedom in my speech
Got an onion from Universal, read it and weep" - JayZ "Open Letter" (magna carta holy grail)

 

[Easy-E]

This dude...moves, man.

More rappers should have indy labels with distribution. Atleast that's a step towards distributing themselves.

I'm lookin' at you, Busta Rhymes.

 

[KENNY DA COOKER]

This dude...moves, man.

More rappers should have indy labels with distribution. Atleast that's a step towards distributing themselves.

I'm lookin' at you, Busta Rhymes.

although it's not the DEAL that he originally sought..it still allows him to maintain autonomy (independence)

JAY is unique ....not too many artists like him have leverage

the first step is OWNING YOUR MASTERS........and as it was refrenced in the movie "RAY" it's not that easy ts

especially for black artists....

but it's a little more easier now...cause music distibutors are in a compromising situation............so now they have to consider forming alliances with reputable brands and seeking sponsers ..which is why SAMSUNG is involved......UMG (universal ain't got it like that) :many:

 

[King Poetic]

so that mean jay electronica can dropped a album

 

[atlbound]

that cake, that skrilla, that loot, that green

 

[Danie84]

So in laymen terms, more gold chancletas for camel's toes

 

[McPiff]

^^^trying way way too hard



good move by jay. he probably gonna try to merge roc nation and roc a fella now.

 

[Reggie]

Jay stay making moves and you can knock him all you want but dude is a true hustler.

 

[Brad Piff]

the moral of the story .. nas stays losing

 

[MINT]

So in laymen terms, more gold chancletas for camel's toes

 

[critical_temp]

Terms of the deal were not disclosed, but Jay-Z’s company will continue to operate as a stand-alone entity. Universal will provide distribution, though a representative says the pact is “more of a partnership and not a traditional distribution deal,” but not a joint venture. The agreement will allow Roc Nation artists the flexibility to receive marketing support from whichever one of its sub-labels fits best.

ah this explains MCHG on Roc-a-Fella

 

[yesiambowling]

The only reason I can see for him bothering with Atlantic/Warner was dislike for L.A. Reid. He's gone now so

 

[Funcrusher]

Now we know what Magna Carta Holy Grail stands for. His 'breaking free' of Live Nation, with the liberties that UMG gives him.

 

[nieman]

So what does this mean for other artists and how does this benefit them? Indy deal but paying major prices?

 

[KENNY DA COOKER]

So what does this mean for other artists and how does this benefit them? Indy deal but paying major prices?

he still remains an independent but has simply change distribution while being able to still maintain control of Rocnation artists such as Rihanna and J-Cole...

but he does give up licenscing and a share of publishing during the duration of the deal ....because as it is stated it is NOT a joint venture...