Just two weeks after it was announced that Jay Z had reportedly made a $56 million offer to acquire the music streaming company Aspiro, it appears another business venture is in the works for the Brooklyn, New York rapper.
According to Billboard, Hov’s multifaceted Roc Nation and the management company Three Six Zero Group have partnered to form Three Six Zero Entertainment. The new outfit will reportedly focus on representing actors as well as directors and writers in the film, television and digital industries.
Acting as co-CEOs will be David Unger — who was previously with Resolution — as well as Three Six Zero’s CEO, Mark Gillespie.
“We will now expand to meet the need for international talent in the areas of film and television,” David Unger said in a statement.
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Mark Gillespie added: “The phenomenal growth and cross-over from international territories and ancillary businesses has transformed the way we service our clients globally. It is a natural fit for us to partner with David.”
Speaking on the partnership, Roc Nation’s CEO Jay Brown said: “Mark and Dean and the Three Six Zero family have achieved tremendous success in music and now Three Six Zero Entertainment will expand their potential in film and television.”
A source close to the deal told Billboard that the decision to use Three Six Zero’s moniker was due to Roc Nation’s close relationship with the music industry. Despite managing the likes of Calvin Harris, Deadmau5and Frank Ocean, Three Six Zero is seen as relatively neutral territory.
For additional Jay Z coverage, watch the following DX Daily:
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