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Madonna Close To Landing $120 Million Rights Deal
Reported by Jay Cochran - 03:39 PM 2007.10.12
Source: WENN
MADONNA is close to signing a money-spinning new deal which will net her $120 million (£60 million) over 10 years. The pop superstar will receive a combination of cash and stocks in multi-media group Live Nation in return for giving executives the rights to sell three studio albums, promote concert tours and license her name. It's the first deal of its kind. Live Nation has promoted Madonna's concerts for years and has grossed more than $400 million (£200 million) from her performances, according to estimates. MORE Music NEWS
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