News »
Gigwise RSS Feeds Bookmark and Share

Madonna Signs Revolutionary Live Nation Deal

Worth a reported $120 million...

  • by Jason Gregory
  • Wednesday, October 17, 2007
  • Photo by: PR Photos
  • filed in: Indie
Madonna Signs Revolutionary Live Nation Deal Add to My Fav Bands List
Share

Madonna has signed a revolutionary new record deal with the concert promoter Live Nation.

The deal – which is the first of its kind - means that Live Nation’s, Artist Nation division, will now take control of all of the singer's music ventures, including, albums, tours and merchandise.

The new ten year contract is reported to be worth $120 million and brings to an end the singer’s twenty-five year relationship with Warner Music, reports the BBC.

Speaking about the deal, Madonna said that the possibilities with the new partnership are “endless.”

She added: “The paradigm in the music business has shifted and as an artist and a businesswoman, I have to move with that shift. 

"For the first time in my career, the way that my music can reach my fans is unlimited.”

Despite the new deal, Madonna’s contract with Warner stipulates that she must make one more album for the label. Reports suggest that it will be released in the New Year.

Warner will still retain the rights to the singer’s extensive and hugely successful back-catalogue.

(1)
  • The only thing revolutionary about this is that she will take a bigger piece of the pie. And if they are paying that much, it also shows how much Warner must have made off her in the past.

    ~ by Goldier 10/17/2007

    Reply to this comment


     characters left [+]  


    Register now and have your comments approved automatically!

    • This is mad- Lady Gaga Makes $167 From 1million Plays On Spotify: A Swedish report suggests... http://bit.ly/4ZYtYw (via @Gigwise)
      martinontwitter on Mon Nov 23 17:39:52 via Tweetie
    • I call bullshit. RT: @Gigwise: Lady Gaga Makes $167 From 1million Plays On Spotify: A Swedish report suggests... http://bit.ly/4ZYtYw
      musicaltwit on Mon Nov 23 17:35:13 via Echofon
    • RT @laurastrong1985: RT @Gigwise U2 To Headline Friday Night Of Glastonbury 2010: It's reported today... Haha unlucky!
      Garyt2 on Mon Nov 23 17:02:59 via TwiXtreme
    • RT @Gigwise: Local Natives Unveil 2010 UK Tour Dates: They play next February and March... http://bit.ly/08MQQez
      followchopsy on Mon Nov 23 14:54:02 via Tweetie
    • @XLRECORDINGS well @Gigwise gave you #1 spot! :http://www.gigwise.com/photos/52489/50/The-50-Greatest-Albums-of-the-2000s
      Gigwise on Mon Nov 23 13:00:41 via web
    Artist A-Z   # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z