Jay-Z's Roc Nation label has acquired German-American digital label Block Starz Music, LLC. Terms of the deal have not been disclosed but Roc Nation now owns the independent label. The digital label, founded in 2008, is expected to contribute to developing new talent.
The move is only the latest in a number of savvy signings and acquisitions Roc Nation has been involved in over the past few months--including signing young talents like J. Cole and Santigold--while deflecting several minor copyright suits. To obtain Block Starz Music, Roc Nation reportedly outbid bosses at Universal and Jive Records.