Madonna Looking at $100M Deal - Without Warner Brothers..
Posted July 30, 2007 — in Music News
Madonna is pondering hanging up on Warner Music Group in favor of life without a traditional record contract.
Madonna is considering an all-inclusive music deal with touring giant Live Nation that could be worth more than $100 million.
The agreement would create an entity that would manage all Madonna-related businesses, including albums, touring, merchandise and sponsorships over a multi-year period. Live Nation would acquire an equity stake in the pop diva’s overall business.
The joint venture company would then look to enter into an agreement with a label to handle distribution and marketing support of any Madonna album releases.
Sources say her camp has also been shopping to other labels the joint venture concept, which follows in the vein of deals inked by EMI with Korn and Robbie Williams.
(NYPOST)
Disrespectful towards the company who made her successful and able to ask that price from Live Nation. She must have earned massively from concerts throughout the past couple of decades, without much going to Sire/Warner.
Comment by KL — August 1, 2007 @ 4:11 pm
Good point, but I have to disagree. Madonna is not an artist. She is a performer. And it’s just business. You have to give it to her. She knows how to stay alive. I have a feeling she’ll still be touring even after she’s dead. lol.
Beau
Comment by Beau Bretz — August 2, 2007 @ 10:36 pm