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Should Prince do a similar deal with Live Nation? MADONNA EYES $100M LIVE NATION MEGA-DEAL
By BRIAN GARRITY http://www.mypost.com Shrewd buisnesswomenJuly 28, 2007 -- Madonna is pondering hanging up on Warner Music Group in favor of life without a traditional record contract. With the Material Girl's existing pact with Warner Music Group's Warner Bros. Records winding down, her camp is considering an all-encompassing music deal with touring giant Live Nation that could be worth more than $100 million. An agreement, if struck, would create an entity that would manage all Madonna-related businesses, including albums, touring, merchandise and sponsorships over a multi-year period. Live Nation would acquire an equity stake in the pop diva's overall business. The joint venture company would then look to enter into an agreement with a label to handle distribution and marketing support of any Madonna album releases. Madonna is currently in London working with A-list names like Justin Timberlake, Pharrell, and Timbaland on the follow-up to 2005's "Confessions on a Dancefloor." It's the last studio album due under her existing pact with Warner and is tentatively scheduled for release later this year. Warner Bros. Records Chairman and CEO Tom Whalley, Madonna spokeswoman Liz Rosenberg and Live Nation all declined to comment. Privately, insiders regard the Live Nation talk as the opening salvo in what figures to be an extended re-negotiation of her deal, which was last extended in 2000. Sources say her camp has also been shopping to other labels the joint venture concept, which follows in the vein of deals inked by EMI with Korn and Robbie Williams. "Confessions" - a commercial and critical comeback from 2003's disappointing "American Life," was Madonna's first album with the existing Warner management team of WMG CEO Edgar Bronfman Jr., U.S. Recorded Music CEO Lyor Cohen and Whalley. It has sold over 1.6 million copies in the U.S. and spawned a successful world tour that ranked as the top grossing series ever for a female artist. The 60-date tour generated over $193 million in reported revenues. WMG's stock hit a new 52-week low Friday, slidding 4.8 percent, or 65 cents, to $12.76. Live Nation closed down 3.4 percent, or 71 cents, Friday to $20.14. "The first time I saw the cover of Dirty Mind in the early 80s I thought, 'Is this some drag queen ripping on Freddie Prinze?'" - Some guy on The Gear Page | |
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carlcranshaw said: MADONNA EYES $100M LIVE NATION MEGA-DEAL
By BRIAN GARRITY http://www.mypost.com Shrewd buisnesswomenJuly 28, 2007 -- Madonna is pondering hanging up on Warner Music Group in favor of life without a traditional record contract. With the Material Girl's existing pact with Warner Music Group's Warner Bros. Records winding down, her camp is considering an all-encompassing music deal with touring giant Live Nation that could be worth more than $100 million. An agreement, if struck, would create an entity that would manage all Madonna-related businesses, including albums, touring, merchandise and sponsorships over a multi-year period. Live Nation would acquire an equity stake in the pop diva's overall business. The joint venture company would then look to enter into an agreement with a label to handle distribution and marketing support of any Madonna album releases. Madonna is currently in London working with A-list names like Justin Timberlake, Pharrell, and Timbaland on the follow-up to 2005's "Confessions on a Dancefloor." It's the last studio album due under her existing pact with Warner and is tentatively scheduled for release later this year. Warner Bros. Records Chairman and CEO Tom Whalley, Madonna spokeswoman Liz Rosenberg and Live Nation all declined to comment. Privately, insiders regard the Live Nation talk as the opening salvo in what figures to be an extended re-negotiation of her deal, which was last extended in 2000. Sources say her camp has also been shopping to other labels the joint venture concept, which follows in the vein of deals inked by EMI with Korn and Robbie Williams. "Confessions" - a commercial and critical comeback from 2003's disappointing "American Life," was Madonna's first album with the existing Warner management team of WMG CEO Edgar Bronfman Jr., U.S. Recorded Music CEO Lyor Cohen and Whalley. It has sold over 1.6 million copies in the U.S. and spawned a successful world tour that ranked as the top grossing series ever for a female artist. The 60-date tour generated over $193 million in reported revenues. WMG's stock hit a new 52-week low Friday, slidding 4.8 percent, or 65 cents, to $12.76. Live Nation closed down 3.4 percent, or 71 cents, Friday to $20.14. no he should not . once there are other stakeholders, his butterfly will die. | |
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Hell no. Live Nation is owned by Clear Channel. Andy is a four letter word. | |
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This might be a cool deal for Madonna,but somehow,I have a feeling that she will re-sign with Warners.She was really impressed with how they promoted 'Confessions' and they're planning to pull out all the stops for the upcoming album,too. | |
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vainandy said: Hell no. Live Nation is owned by Clear Channel.
Nearly everything is owned by ClearChannel  | |
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SoulAlive said: vainandy said: Hell no. Live Nation is owned by Clear Channel.
Nearly everything is owned by ClearChannel They probably own my damn house. Andy is a four letter word. | |
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SoulAlive said:
This might be a cool deal for Madonna,but somehow,I have a feeling that she will re-sign with Warners.She was really impressed with how they promoted 'Confessions' and they're planning to pull out all the stops for the upcoming album,too. I've been wondering what she'll do when the contract runs out. I wonder how serious this is, or if it's just a negotiating ploy? If they pick WB to be the distributor, she can get the best of both worlds. "I would say that Prince's top thirty percent is great. Of that thirty percent, I'll bet the public has heard twenty percent of it." - Susan Rogers, "Hunting for Prince's Vault", BBC, 2015 |
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CandaceS said: SoulAlive said:
This might be a cool deal for Madonna,but somehow,I have a feeling that she will re-sign with Warners.She was really impressed with how they promoted 'Confessions' and they're planning to pull out all the stops for the upcoming album,too. I've been wondering what she'll do when the contract runs out. I wonder how serious this is, or if it's just a negotiating ploy? If they pick WB to be the distributor, she can get the best of both worlds. She's in a good position now She knows that the ball is in her court,and Warners are gonna do everything they can to get her to re-sign.This LiveNation deal might indeed be a negotiating ploy.She also has a new CD coming out,so she's probably trying to make sure that Warners promotes the hell out of it,lol.This could determine whether she stays or leaves. | |
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Prince wouldnt sign someting like this, too many people getting a cut of everything. Its mainly like he had with warner signing a 100 million dollar deal and then realizing what it really meant. This works for someone like Madonna or Janet or Michael but Prince isnt cut for something like this. "We went where our music was appreciated, and that was everywhere but the USA, we knew we had fans, but there is only so much of the world you can play at once" Magne F | |
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Well...I think Madonna owns those masters.!
I can see her fighting WB and getting the masters. | |
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