Bittersweet news.
After a decades-long business relationship, Madonna is leaving Warner Brothers Records.
Where is she going?
She’s not even going to another label!
Instead, the Queen of Pop has signed a pioneering deal with Live Nation, who – until now – were mainly concert promoters and venue owners.
Under the new ten-year deal with them, Madonna is getting paid $120 million PLUS stock options! No way could a record label pay her that much in this day and age.
In exchange, Live Nation will be granted the rights to three studio albums from her Madgesty as well as the right to promote concert tours, sell merchandise and license Madonna’s name.
Does Madonna really need any more money?
She’s already worth $325 mill!
Congrats, M. You’ve worked hard for this.
[Image via WENN.]
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