10/11/2007 8:08 AM, Reuters
Michael Paoletta
Pop star Madonna is close to leaving her long-time Warner Bros. Records label for a wide-ranging $120 million deal with concert promotion firm Live Nation Inc., a source familiar with the talks said on Wednesday.
The story was first reported on the Wall Street Journal's Web site, which said 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.
Such a deal is virtually unprecedented, but may become more common as struggling record labels and other players in the music industry seek to shore up revenues by going into business with musical acts, rather than just taking fees for selling their albums or concert tickets.
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He has authored and published over 20+ paperback, audio and ebooks including the Music Industry Connection Book Series, while maintaining over 60+ websites, blogs and social networking profiles.
He has spoken and appeared in over 50+ conferences, seminars, workshops, radio shows and publications. JaWar believes you may will your destiny into existence when you THINK, PLAN, EXECUTE!
Schedule JaWar as a Featured Motivational Speaker and a Business Consultant call 678-887-4656 or 800-963-0949.