Jay-Z and Universal Music Group have signed a deal to move the rap mogul's Roc Nation imprint over from Sony/Columbia, according to the New York Times.Roc Nation -- born out of Jay-Z's $150 million deal with Live Nation -- offers a diverse array of services, including a record label and management company. Kylie Minogue recently joined the likes of Rihanna, Timbaland, Shakira and M.I.A. as artists signed to Roc Nation. (The New York Times notes that Rihanna will re-up her record deal with Universal as part of the move.)
“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,” Jay-Z said. “I look forward to a long and prosperous collaboration with U.M.G. It feels good to be home.”
