Madonna will contract with Live Nation for $120 million.
Singer Madonna parted ways with the record company Warner Music Group and signed a contract with Live Nation, AFP reports, citing the online version of The Wall Street Journal.According to the newspaper, received from sources close to the negotiation process, contract singer with Live Nation is estimated at 120 million USD. The agreement, the signing of which is expected shortly, provides that Live Nation will get the rights to three Studio albums Madonna, organizing her concert tours, as well as the production of Souvenirs bearing the name of the singer. The contract will be signed for 10 years.Madonna collaborates with Warner Music Group since 1982. The reports that the singer intends to change the record label appeared in the end of August. It was also revealed that Madonna was in talks with Live Nation is a company specialized in the organization of concerts. In particular, Live Nation has organized the last three concert tour of the singer. Source: Madonna will contract with Live Nation for $120 million..