Madonna dumps label in $134m deal
Madonna is close to leaving her long-time Warner Bros. Records label for a wide-ranging $US120 million (A$134 million) deal with concert promotion firm Live Nation.
The story was first reported on the Wall Street Journal's website, 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.
A Live Nation spokesman declined comment. A source familiar with Warner confirmed the basic details of the report.
I just hope Radiofed can pull it off...
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