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by Michael Baggs

Tags: Madonna

Poor Madonna sales to spell financial disaster for Live Nation

Music promoter unlikely to make money on either 'MDNA' tour or album

 

Poor Madonna sales to spell financial disaster for Live Nation

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Music promoter Live Nation is said to be concerned about poor sales of Madonna's current album and tour.

Madonna has failed to sell out shows for her 2012 MDNA tour, with rival Lady Gaga selling out dates on her 'Born This Way' ball in less than ten minutes when they went on sale last week.

Added to this, sales of Madonna's new album, 'MDNA' have fallen sharply since its release three weeks ago. Madonna signed a $120million deal with Live Nation in 2007, and the company looks unlikely to see a return on their investment from her current project. The contract, described as a '360 deal' covers sales of Madonna's albums, tours and merchandise.

Unfortunately for Live Nation, they will only make money from sales of 'MDNA' if the album sells over 15 million copies. Despite opening to sales in the US of 359,000 in the album's first week on sale, it sold just 19,000 copies last week.

Check out the worst lyrics from Madonna's 'MDNA' album below

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