According to Billboard, Jay-Z and Roc Nation have signed “worldwide publishing administration deals” with Warner Music. What does this mean exactly, you ask? Effectively immediately, Warner will now have publisher rights to all of Jay-Z’s music from 2008 onward, including any music he’ll be making from here on out. The rest of Hova’s music will be transferred to Warner by the end of 2013.
This deal includes Roc Nation as well, which means that the rights to Roc Nation’s roster and all of said artists’ music (again, both from the past and anything to be recorded in the future), will be administered by Warner.
What does Jay-Z think of this?
“The real meaning of success is being in the position to work with an individual you consider a friend. Jon Platt is such a person. He’s a man of extraordinary character as well as a remarkably talented executive with an ear for music and an eye for talent. It’s great to watch him grow to be one the best in the business.”
Okay, and what about Warner’s president, Jon Platt?
“I first partnered with Jay in 1996, and it’s been thrilling to work with my friend over the past 16 years as he’s grown into one of the world’s best songwriters and become a global icon.
“He consistently breaks new ground, producing an incredible body of work that will be enjoyed by generations of fans to come. At the same time, Roc Nation is one of the most dynamic and influential music companies around. It is home to an extraordinary collection of hit-makers, who are writing and producing many of today’s most popular songs and collaborating with the world’s most successful artists. I couldn’t be happier to continue my relationships with Jay and Roc Nation and build on our partnerships at Warner/Chappell.”
What do you guys think of this deal?