Universal Music Group Strikes Global Partnership With Shawn "JAY Z" Carter's
SANTA MONICA, Calif. and NEW YORK, April 8, 2013
SANTA MONICA, Calif.and NEW YORK, April 8, 2013 /PRNewswire/ --Universal
Music Group (UMG),the world's leading music company, and Roc Nation, the
renowned entertainment company founded by Shawn "JAY Z" Carter, announced
today that they have entered into a multi-year, worldwide partnership under
which the Roc Nation music label will operate as a standalone label within the
UMG family, effective immediately.Financial terms of the deal were not
disclosed.As part of the agreement, forthcoming albums from JAY Z, Rihanna
and many others will be released through UMG worldwide.
In making the announcement, Lucian Grainge, Chairman and CEO ofUMG, said,"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 provide 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."
Shawn "JAY Z" Carter said, "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."
ABOUT ROC NATION
Founded in 2008, Roc Nation is a full-service entertainment company, inclusive
of artist, songwriter, producer and engineer management; music publishing;
touring & merchandising; film & television; new business ventures; and a music
label. It is home to a diverse roster comprised of critically acclaimed
recording artists, writers and producers including Rihanna, Shakira, J Cole,
Rita Ora, Calvin Harris,NO ID, Timbaland, Solange, M.I.A., Santigold,
deadmau5, Wale, etc. Roc Nation has partnerships with award winning production
team Stargate in Star Roc as well as global management company, Three Six
ABOUT UNIVERSAL MUSIC GROUP
Universal Music Group is the global music leader, with wholly owned operations
in 60 territories. Its businesses also include Universal Music Publishing
Group, one of the industry's premier music publishing operations worldwide.
Universal Music Group's record labels include A&M/Octone, Angel, Astralwerks,
Blue Note, Capitol Records, Decca, Def Jam Recordings, Deutsche Grammophon,
Disa, Emarcy, Fonovisa, Geffen Records, Interscope Records, I.R.S., Island
Records, Lost Highway Records, Machete Music,Manhattan, MCA Nashville,
Mercury Nashville, Mercury Records, Motown Records, Polydor Records, Republic
Records, Universal Music Latino, Verve Music Group and Virgin Records, as well
as a multitude of record labels owned or distributed by its record company
subsidiaries around the world. The Universal Music Group owns the most
extensive catalogue of music in the industry, which includes the last 100
years of the world's most popular artists and their recordings. UMG's
catalogue is marketed through two distinct divisions, Universal Music
Enterprises (in the U.S.) and Universal Strategic Marketing (outside the
U.S.). Universal Music Group also includes Global Digital Business, its new
media and technologies division and Bravado, its merchandising company.
Universal Music Group is a fully owned subsidiary of Vivendi.
SOURCE Universal Music Group
Contact: Jana Fleishman, ROC NATION, +1-212-292-7539, firstname.lastname@example.org; or
Maria Ho-Burg, +1-212-331-2569, email@example.com
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