Universal Music Group has reported that it has inked a multiyear deal with Shawn “Jay-Z” Carter to house his music label Roc Nation, gaining the rights to release his next album along with the forthcoming records of other top-selling artists including Rihanna.
Jay-Z said the deal allowed his Roc Nation label to “continue to operate as an independent label with the strength, power and reach of the best major.” The move is a return to Universal for Mr. Carter, who served as president of Universal’s Island Def Jam Music Group—in addition to being one of the label’s recording artists—from 2004 until late 2007 when his contract to do so expired.
For more on this story click the link to its source- The Wall Street Journal
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