Wednesday, October 17, 2007

Madonna signs radical record deal


Madonna will release one more new album through Warner next year

Madonna has signed a ground-breaking recording and touring contract with concert promoter Live Nation.

She is the first major star to choose an all-in-one agreement with a tour company over a traditional record deal.

It gives Live Nation rights to all her music-related projects - including new albums, tours, merchandise, websites, DVDs, sponsorship, TV shows and films.

The deal, reported to be worth $120m (£59m) over 10 years, ends her 25-year relationship with Warner Music.

The pop star, 49, has been with Warner for her entire career, during which time she has sold 200 million records and CDs.

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