MADONNA TO DUMP RECORD LABEL?

Last updated: Sunday, September 23, 2007

MADONNA TO DUMP RECORD LABEL?

MADONNA is set to dump her record company and sign a $100 million (GBP50 million) contract with tour promoter Live Nation, according to reports.

MADONNA

The Material Girl is expected to walk away from her 25-year deal with Warner Music and hand control of new releases at live performances to Live Nation.

A senior music industry source says, "This is a sign of the times. At this stage in her career Madonna realises she stands to make more money from touring - GBP130 million ($260 million) on her last tour - than releasing records.

"So she wants to go with a company that can look after both rather than being tied to a record company."

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Source: WENN

| Sunday, September 23, 2007

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