Madonna dumps label in $120m deal
Pop star Madonna is close to leaving her long-time Warner Bros. Records label for a wide-ranging $US120 million deal with concert promotion firm Live Nation. Madonna would receive a mix of cash and stock in exchange for allowing Live Nation to distribute three studio albums, promote concert tours, sell merchandise and license her name. Like 120 million dollars is I think way too much that the company is dishing out for a 49 year old singer who doesn’t tour much. I think Live Nation shall find hard and very tough to recover their investment and though she is a world reowned artist and her name is very popular but still given the positives of the brand name ‘Madonna’ it will be tough going. She is over the years becoming very predictable with her music and only some nice videos that come out help her sell the album.
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