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According to SingersRoom.com, musicians like Jay-Z and Rihanna will reap the benefits of a new partnership between Live Nation Entertainment and Universal Music Group. Two of the biggest labels in the industry have reportedly teamed together to create new revenue opportunities by working together. Lucian Grainge, Chairman and CEO of UMG said in a statement, “Our artists and their music are at the heart of everything that we do, and by leveraging our combined skills, strengths and global reach with that of Live Nation Entertainment, our management companies, artists and their fans will benefit immeasurably.”
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