The Rich Get Richer

October 11, 2007 / Posted by:
 
Madge is about to leave Warner Bros. Records for the concert promoter Live Nation. The deal is said to be worth over $100 Million in exchange for 3 albums and the exclusive rights to promote her concert tours and merchandise. Madge will be paid in stock and cash.
 
The New York Times has some smart people things to say about the deal:  
 
The deal, which was first reported yesterday on The Wall Street Journal’s Web site, is the latest example of how tough times for record labels and concert promoters have set off a free-for-all over the rights to the various revenue streams created when a musician becomes a star. Instead of sharing in only one piece of the income — say, CD sales — companies are angling to share in all of an artist’s business lines, like publishing, merchandise sales and endorsement fees.

It also comes as the major record companies are reeling from the loss of historically reliable brand-name acts. Word of Madonna’s likely exit from Warner Brothers, a unit of the publicly held Warner Music Group, came the same day that one of rock’s biggest free agent acts, the acclaimed British band Radiohead, started delivering digital copies of its new album directly to fans, in a big break with industry convention. Another influential free agent band, the Eagles, is selling its new album directly to Wal-Mart Stores.

Blah…blah…blah…money…money…dollar signs….money….buy me a diamond yacht….money… 

I'm no longer a fan of Madge, but homegirl needs to take that cash and spend it. Some of my friends are like "bitch needs to retire" but I don't think so. If all she has to do is make 3 shitty albums (which she will) and dance around onstage in a bikini showing off her old lady toe then why the hell not? Easy cash! As long as people keep buying her shit, she should keep making it. Make that money!

 

 

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