Live Nation CEO says “Madonna is a true icon and maverick as an artist and in business,”
Posted October 16, 2007 — in Music News
“For $120 Million, She’s All Yours.” says a report from the Bank of America Securities analysts.
Madonna Speaks: “The paradigm in the music business has shifted and as an artist and a business woman, I have to move with that shift,” commented Madonna. “For the first time in my career, the way that my music can reach my fans is unlimited. I’ve never wanted to think in a limited way and with this new partnership, the possibilities are endless. Who knows how my albums will be distributed in the future? That’s what’s exciting about this deal…everything is possible. Live Nation has offered me a true partnership and after 25 years in the business, I feel that I deserve that.”
“Madonna is a true icon and maverick as an artist and in business,” stated Rapino. “Our partnership is a defining moment in music history. I am thrilled that Madonna, who is also now a shareholder in our company, has joined with us to create a new business model for our industry.
The Bottom Line: Look past the unlimited opportunities mumba jumba. This partnership is Madonna’s ‘120 Million Retirement Plan’. Madonna will turn 60 years old in the last year of the proposed deal.
She always knew how to get the money. Madonna has the unnatural power of persuasion. What she wants, she gets.
Material Girl….
Some boys try and some boys lie but
I dont let them play
Only boys who save their pennies
Make my rainy day
Boys may come and boys may go
And thats all right you see
Experience has made me rich
And now theyre after me.
Thats right, ‘Experience’ has made Madonna so rich that Live Nation just dumped 120 Million into her bank account. Madonna is the material girl living in the material world….
She’s smart enough to know that the industry is going through drastic changes so she needs to think outside-the-box. Usually, it’s her music that is cutting-edge but this time, it’s her business skills.
Comment by Tim Towner — October 17, 2007 @ 6:39 am
Madonna was also given $25 million in stock…
Comment by mcmike — October 17, 2007 @ 7:45 am
Madonna is the fifth largest shareholder of Live Nation, she is the material girl for sure!
Comment by mcmike — October 17, 2007 @ 7:46 am
I agree KOAR, this is about music, this is about a RETIREMENT PLAN. If she makes it at 61, Vegas will be next.
Comment by lilly — October 17, 2007 @ 7:47 am
Haha.. get ‘em KOAR!
Comment by Tahm — October 17, 2007 @ 2:57 pm
Very True - Madonna is not at the beginning, but at the end of her career.
Look at the KORN deal? EMI gives them a bucketload of money and they deliver one one of the most shittiest records of their career. Dont get me wrong, KORN is a great band that had a great career, but after the EMI deal was complete, the band imploded. Head left, the drummer left and Jonathan Davis is doing a solo tour.
Madonna will burn out..but with an extra 120 million dollars
Regardless, Madonna is a superstar and pushed the limits like no one else. She deserves to RETIRE!
Comment by tom — October 17, 2007 @ 3:10 pm
Well said Tom!
Comment by lilly — October 17, 2007 @ 3:11 pm
Madonna is a concert machine. It is also cool to like Madonna again in the underground scene.
Comment by A2daC — October 17, 2007 @ 5:58 pm
Throwing Money on a Fire!! Like a bunch of panicing fustrated housewifes! How sad, going backwards instead
of forward!
Just another example of how Clueless the Music Industry really is!
Comment by Michael Barile — October 20, 2007 @ 10:06 am
The music industry is totally clueless ! I agree with that !
ZEd
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http://www.music-city.org
Comment by music — October 27, 2007 @ 6:03 am