10 years ago musician Jay Z signed a decade long, $150 million deal with Live Nation. The deal included both his live performances as well as his recorded music which is part of his company, Roc Nation. The deal is now coming to a close. The contract language between the two parties includes a “buy-sell” which means that either party to the agreement can either sell their portion of Roc Nation or choose to buy the company in totality.People close to the negotiations between Roc Nation and Live Nation say that the latter party is interested in continuing the live music portion of the deal but wants to walk away from the recorded music side.
In the future, Live Nation only wants to be involved in tours and live performances. Roc Nation has a number of successful musicians that they want to continue touring deals with, including Rihanna, Jay Z, Shakira, and Fat Joe.The main person handling the negotiations with Live Nation is Roc Nation’s Desiree Perez. She is the top executive at the company and a long time business partner of Jay Z’s. It’s been reported she has met with the top executive at Universal Music Group, Sir Lucian Grainge, who is purportedly interested in buying a portion of Roc Nation.
This would be a boon to Roc Nation as it would provide resources in order to sign and develop more new artists. Desiree Perez has been involved with Jay Z’s businesses for over two decades. She is known as a shrewd negotiator who can rapidly calculate numbers in her head in order to get the best deal possible. She is also well known for negotiating Rihanna’s lucrative Samsung deal. She is involved in every facet of running Roc Nation including publishing music and labeling operations.
Richard A. Smith is a renowned electrical engineer who has earned respect in the telecommunication industry. He currently acts as the Securus Technologies CEO and has been working at the company since June 23, 2008. Before Smith was offered a position at Securus, he had held administrative offices in different corporations. He was the chief financial officer of Eschelon Telecom Inc, as from 1998. The company appointed him as the COO in 1999 and then promoted him in 2002 to become its president. In 2003, Richard was named as the CEO of the firm and held the position until 2007.Smith had worked for the Frontier Corporation before he was offered a job at Eschelon. The company is currently called Global Crossing. Richard joined it in 1972 and held different executive offices until when he left in 1998. The positions that he was offered include the president of Frontier information technologies, vice president of Midwest telephone operations, and many others. He was the vice president of financial management when he left the company.
The telecommunications expert has been serving as the chairman of Securus Technologies since 2009. His outstanding administration skills have placed the company as one of the leading technology providers in the prisons industry. Richard has remarkable the academic qualifications that have facilitated his career success. He schooled at the University of New York at Buffalo and graduated from the institution with a degree in electrical engineering. Smith also enrolled at Rochester Institute of Technology for his associate degree in electrical engineering. He completed his master’s in business administration and mathematics from the University of Rochester and the State University of New York.Rick Smith is considered as a highly resourceful person in the telecommunications sector due to the experience that he has gained in the past four decades. The corporations that he has worked for have enabled him to be skilled in IT, operations, business development, finance, and many other fields.
When he was the Eschelon Telecom CEO, the company had a record revenue growth from $30 million to over $350 million. The EBITDA of the enterprise also rose from to $80 million. In 2005, Smith led the firm to have its IPO.The current success of Securus Technologies has been facilitated by Smith’s excellent administration strategies. During his tenure as the CEO, the company has gained an outstanding reputation in the corrections industry due to the top-notch technologies that it offers. It has invented several products that have simplified service provision in prisons. Securus Technologies operates in Canada and the United States where it serves more than 3450 facilities. According to Rick Smith, more than $600 million has been invested in technology development. The firm has an excellent patent portfolio for various technologies that it has developed over the years.
OSI Group LLC is a world leader in the distribution of the outstanding food and beverage products. The company has gradually grown since it was established in 1909 as a local enterprise, and it currently has more than 20,000 employees who are distributed worldwide. OSI manages its business from Aurora, Illinois and the commodities that it has been producing include fish, pizza, meat patties, bacon, and vegetable products. The performance of the company has been good, and it was named 58th on the Forbes list of the top 100 companies. It was also ranked 66th for the products that it offers in the food and beverage sector.
One of the main factors that have supported the rapid growth of the enterprise is its excellent management. The chief executive officer of OSI Group is Sheldon Lavin. He is a competent administrator, and his ability was appreciated through the Global Visionary Award, which was awarded to him by the Visionary World Academy. His tireless efforts have been critical in enabling the company to grow into various international regions. Mr. Lavin initially had a career in the financial sector. OSI has minted billions of dollars under his leadership, and it currently runs 60 processing factories.
OSI Group is focused on ensuring its prosperity, and therefore, it has been making various acquisitions. It currently plans to purchase a well-recognized food processing enterprise that is headquartered in Chicago, Illinois. One of the firm’s North America executives, Kevin Scott, believes that owning the processing plant will assist it to offer many products to its clients across the world. Just like many thriving businesses in the food and beverages sector, OSI Group is devoted to satisfying the varying needs of its customers.
OSI Group is currently gaining more market in Europe. This is due to its acquisition of the Baho Food, which is a Dutch company that has been distributing its products in various parts of Europe. The primary commodities that the enterprise has been offering are portable foods, snacks, and deli meats. OSI intends to ensure that Baho Group keeps being profitable, and therefore, it retained some of its executive staff such as David G. McDonalds, who is the MD of the enterprise. Baho has built its food processing factories in Germany and Dutch. They are Gelderland Frischwaren, Vital Convenience, Bakx Foods, Q Smart Life, and Henri van de Bilt, and they mainly sell their commodities in 18 countries. The product and brand portfolios of OSI Group have been enhanced by the acquisition.