Oct 11, 2007

Madonna to leave old record lebel

The famous singer Madonna is going to dump her longtime record lebel, Warner Brothers Records, for an attractive package offered by another company called 'Live Nation'. Live Nation, a publicly held concert promoter, has offered her to pay more than $100 million in exchange for three albums and the exclusive rights to promote her concerts and to market her merchandise.

The lucrative deal, which includes cash and stock, would pay her about half the total upfront, according to a New York Times report. Link


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