Jay-Z & Roc Nation Sign Join Universal Music

Looks like Hov and his Roc Nation label have joined Universal. Jay-Z was once a part of Universal back in 2004 until 2007. Roc Nation artists like like Rihanna, J. Cole and Shakira will also be joining Jay-Z in the switch to UMG.

Jay-Z's statement about the return to Universal:

“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. I look forward to a long and prosperous collaboration with UMG. It feels good to be home.”

UMG chairman & CEO Lucian Grainge:

“In just five years, Roc Nation has established itself as one of the most successful brands in music with a reputation for developing some of today¹s most influential and popular talent.Not only does this agreement provide a dynamic platform for Roc Nation’s exciting emerging artists, it extends our relationship with the extraordinary Rihanna and represents a homecoming for JAY Z—a brilliant artist and entrepreneur, who has been a creative cornerstone of our company.All of us at UMG are thrilled that JAY and Roc Nation chose UMG as their partners, knowing we will support their artists with a level of resources, expertise and passion that is simply unmatched in the industry.”

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WSJ

Artist Label: Jay-Z