October 10th, 2007

Madonna to Have $120 Million Deal with Live Nation?

Madonna is reportedly close to leaving Warner Music Group Corp.’s Warner Bros. Records for a $120 million deal with concert-promotion giant Live Nation Inc., according to The Wall Street Journal but she is still obligated to do another studio album for them Warner Music. This 10-year contract deal with Live Nation would give Madonna a mix of cash and stock exchange for the rights to sell three albums, promote concert tours, sell merchandise and license her name.

Sounds pretty good to me. I guess she’ll be able to continue to afford paying people to carry David and future children should she plan to have more.

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