The sealed deal with Universal Music comes a week after Shawn ‘Jay-Z’ Carter launched new sports agency, Roc Nation Sports –– a collaboration with the Creative Artists Agency, that has already snagged New York Yankees veteran second baseman Robinson Cano.
The business move is a return to Universal Music for Jay-Z, who once served as president of Island Def Jam Music Group, in addition to being one of the label’s recording artists from 2004 to 2007.
Hova joined forces –– in order to launch Roc Nation –– with Live Nation, shortly after his contract expired with Universal. But maybe Live Nation didn’t fork over the 300 million that Jay anticipated and, instead, inked a multiyear deal under the Universal umbrella.
This, of course, means that all albums under the Roc –– now five-years old –– (from Jay to Cole to Rihanna and everyone else wedged in between) will release through UMG. Jay says that the deal will allow for Roc Nation to “continue to operate as an independent label with the strength, power and reach of the best major.”