Jay-Z continues to make major moves with his Roc Nation Empire. Merely a week after making mention about the new sports representation agency, Roc Nation Sports, it is announced that Jay-Z will make a return to Universal Music, the world’s largest music company with a new multi-year deal.
Last month, Warner’s Warner/Chappell publishing department had scored the publishing rights to Jay Z’s Roc Nation artists’ works. The financial aspect of the new deal with Universal haven’t been disclosed, but according to the statement released, Roc Nation will serve a “standalone label” under Universal Music group.
Jay-Z was earlier the President of and a recording artist under Universal’s Island Def Jam Music Group from 2004 to 2007. Here’s what Mr. Carter says about the return:
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.