Jay-Z and Roc Nation have signed a major deal to become a part of Universal Music Group.
The multi-year partnership means that Roc Nation will operate as a standalone label under Universal's umbrella. The agreement means that albums by Jay, Rihanna, and other artists signed to Roc Nation will release albums through Universal Music.
Said Lucien Grainge, Chairman and CEO of UMG:
Jay-Z also made a statement:
[Via Reuters]
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