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Material Girl’s $100m Deal |
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Recent media reports have suggested that Madonna is considering moving
from Warner Music Group (WMG) to Live Nation, in a full-service deal
that could be worth over $100million (€73m).
With Madonna’s existing deal with WMG coming to an end, the New York
Post reported she was in talks with Live Nation that could see the
promoting giant move into the recorded sector. If struck, the deal
would involve albums, touring, merchandise and sponsorships over a
multi-year period.
 Recent media reports have suggested that Madonna is considering moving from Warner Music Group (WMG) to Live Nation, in a full-service deal that could be worth over $100million (€73m).
With Madonna’s existing deal with WMG coming to an end, the New York Post reported she was in talks with Live Nation that could see the promoting giant move into the recorded sector. If struck, the deal would involve albums, touring, merchandise and sponsorships over a multi-year period.
According to reports, Live Nation would acquire a percentage of Madonna’s overall business, and the joint venture would outsource distribution and traditional record company services through an existing label for any future releases. Live Nation declined to comment on the report.
Whether the rumours are designed to lend strength to possible renegotiations with WMG, or the concert giant is repositioning itself as a full-service music company, remains to be seen, but Live Nation is gradually developing a multi-strand service; an offering that could very soon encompass recorded product as well.
In addition to actively developing its website – LiveNation.com – to become ‘the most powerful global concert database on the internet’, there are widespread reports that its deal with Ticketmaster may not be renewed when it expires in 2008, with Live Nation ticketing its own events.
If inked, the Madonna deal would extend on EMI’s 2002 tie-up with Robbie Williams, which saw the former Take That star paid £80m (€118m) for a four album deal, with the major retaining a share of profits from touring, merchandise and TV.
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