Shawn “Jay-Z” Carter inks an incredible deal with Universal Music Group
Another boss move this week by Shawn “Jay Z” Carter, because the rap mogul just inked the ultimate deal with Universal Music Group. Universal Music Group (UMG) is the world’s leading music company. Universal Music Group has just announced that they have entered into a multi-year, worldwide partnership with Roc Nation, led by hip hop’s G.O.A.T. Jay Z. There have been no financial numbers disclosed, but part of the agreement means that the Roc Nation team of artists, like Rihanna, will drop under Universal Music. That’s dope!
Lucian Grainge, Chairman and C.E.O. of UMG made the following announcement on the deal:
In just five years, Roc Nation has established itself as one of the most successful brands in music with a reputation for developing some of today¹s most influential and popular talent.Not only does this agreement offer a dynamic platform for Roc Nation’s exciting emerging artists, it extends our relationship with the extraordinary Rihanna and represents a homecoming for JAY Z—a brilliant artist and entrepreneur, who has been a creative cornerstone of our company.All of us at UMG are thrilled that JAY and Roc Nation chose UMG as their partners, knowing we will support their artists with a level of resources, expertise and passion that is simply unmatched in the industry.
Jay Z made his own stated about the mega deal brokered with Universal:
We are looking forward to working with Lucian and the incredible team he’s assembled at Universal. We would like to applaud Lucian for collaborating with us to strike a new age deal. 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. I look forward to a long and prosperous collaboration with UMG. It feels good to be home.
So, what do you think about this move? Check out the “Suit & Tie” Official video by Justin Timberlake featuring Jay-Z. Comment in the sections below:
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