Universal Music Group and Roc Nation Ink Partnership…
Originally posted on AllHipHop.com:
(AllHipHop News) Marcy projects bred rapper turned mogul, Jay-Z, has entered into a multi-year, worldwide partnership with his Roc Nation music label and Universal Music Group.
Under the new deal, Jay-Z will bring his Roc Nation artists, including Rihanna, and will operate as a standalone label within the UMG family, effective immediately.
Several other labels, including Sony Music Entertainment and Warner Music Group, made moves to try to lock down Jay-Z and the Roc Nation imprint although Jay-Z ultimately picked UMG for an undisclosed amount.