Madonna Inks Multi-Million Dollar Deal with Live Nation!
10-16-07, 09:24 PM
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Madonna Inks Multi-Million Dollar Deal with Live Nation!
It's now a done deal. From the press release:
Madonna Joins Forces With Live Nation in Revolutionary Global Music Partnership
LOS ANGELES, Oct. 16 /PRNewswire-FirstCall/ -- Live Nation’s President and Chief Executive Officer, Michael Rapino officially confirmed today that Madonna has entered into an unprecedented global partnership with Live Nation and will become the founding artist in its Artist Nation division.
"The paradigm in the music business has shifted and as an artist and a business woman, I have to move with that shift," commented Madonna. "For the first time in my career, the way that my music can reach my fans is unlimited. I’ve never wanted to think in a limited way and with this new partnership, the possibilities are endless. Who knows how my albums will be distributed in the future? That’s what’s exciting about this deal -- everything is possible. Live Nation has offered me a true partnership and after 25 years in the business, I feel that I deserve that."
"Madonna is a true icon and maverick as an artist and in business," stated Mr. Rapino. "Our partnership is a defining moment in music history. I am thrilled that Madonna, who is also now a shareholder in our company, has joined with us to create a new business model for our industry. Bringing all the varied elements of Madonna’s stunning music career into the Artist Nation and Live Nation family, moves her future and the future of our company into a unique and extraordinary place."
The first-of-its-kind partnership between Madonna and Live Nation encompasses all of Madonna’s future music and music-related businesses, including the exploitation of the Madonna brand, new studio albums, touring, merchandising, fan club/web site, DVD’s, music-related television and film projects and associated sponsorship agreements. This unique new business model will address all of Madonna’s music ventures as a total entity for the first time in her career.
Arthur Fogel, Chairman of Live Nation’s Global Music Division and Chief Executive Officer of Global Touring, who has produced the artist’s last three worldwide tours with the company which generated close to $500 million in the last six years commented, "Madonna is without a doubt one of the most fiercely original artists in history. It is a great opportunity for Live Nation and Artist Nation to build upon our years of success with Madonna as a touring artist."
Artist Nation was created to partner with artists to manage their diverse rights, grow their fan bases and provide a direct connection to fans through the global distribution platform and marketing proficiencies that have made Live Nation the world’s largest live music company. Headed by the division’s Chairman and Chief Executive Officer, Michael Cohl, Artist Nation has significant infrastructure in place to execute additional revenue streams including recorded music, merchandise, studios, media rights, digital rights, fan club/website and sponsorship divisions.
Joining with Artist Nation to work with Madonna will be Live Nation’s unmatched global distribution platform and artist-to-fan-reach, including over 80 offices in l8 countries, over 200 national and local sponsorship personnel, over l60 venues, access to over 35 million fans that attend well over l0,000 shows that Live Nation produces, promotes and/or hosts each year for over l,000 artists including fan access via Live Nation’s growing database of over 25 million fans.
"I’ve been fortunate enough to work with Madonna for half my life. She has always encouraged me and set a great example for me to push the boundaries to reach our full potential. This partnership exemplifies just that," commented Madonna’s co-manager Guy Oseary.
Angela Becker, Madonna’s co-manager added, "The partnership and vision for the future that Artist Nation along with Live Nation presented to us assured me that this is the ideal home for Madonna. It is with great trust and optimism that we collectively move ahead together."
In regard to Madonna’s relationship with her current label, the artist commented, "My time with Warner Bros. Records has been great. I appreciate their hard work and value the many relationships I have developed over the years with the label in the U.S. and around the world. I have an album coming out with them next year and I’m excited about it. We still have work to do together."
ABOUT MADONNA:
The multi-Grammy Award winning artist, songwriter, children’s book author, producer and video visionary with an unrivaled reputation for astonishing stage spectacles, has made music history many times over, logging an incredible 12 number one pop singles and 35 number one dance singles in the U.S. alone. Her 2006 "Confessions" tour generated almost $200 million, making it the highest grossing concert tour of all time by a female artist. Over the last 25 years, Madonna’s collective record sales number over 200 million albums worldwide. Her last album, Confessions On A Dance Floor debuted at number one in 29 countries and sold almost 8 million copies worldwide. Her last concert DVD The Confessions Tour -- Live from London, sold more than 1.2 million copies worldwide.
ABOUT LIVE NATION:
Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online.
Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." Additional information about the company can be found at http://www.livenation.com under the "About Us" section.
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The deal is worth a reported $120 million to Madonna. From MSN.com:
http://music.msn.com/music/article.a...79812>1=7702
Madonna Inks Multi-Million Dollar Deal With Live Nation
Oct. 16, 2007, 2:33 PM EST
The Associated Press
NEW YORK -- Madonna and concert promoter Live Nation Inc. announced a deal Tuesday that will give the company an all-encompassing stake in the music of the Material Girl, the latest big-name artist to break ranks with a major record label.
Financial terms were not disclosed in the joint statement released by Madonna and Live Nation.
The deal is worth about $120 million over 10 years, a person who spoke on condition of anonymity because of the confidential nature of the matter previously told The Associated Press.
The official announcement came after weeks of speculation that Madonna would abandon Warner Music Group Corp., which refused to match the Live Nation deal.
Madonna said in the statement that she was drawn to the deal with Live Nation because of the changes the music business has undergone in recent years.
"The paradigm in the music business has shifted and as an artist and a business woman, I have to move with that shift," Madonna said. "For the first time in my career, the way that my music can reach my fans is unlimited. I've never wanted to think in a limited way and with this new partnership, the possibilities are endless."
The singer still owes Warner Bros. Records another studio album and a greatest hits album.
The deal with Live Nation encompasses future music and music-related businesses, including the Madonna brand, albums, touring, merchandising, fan club and Web site, DVDs, music-related television and film projects, and associated sponsorship agreements, the statement said.
Shares of Live Nation rose 8 cents to $21.50 during afternoon trading.
Under terms of the deal, Madonna, 49, would receive a signing bonus of about $18 million and a roughly $17 million advance for each of three albums, the person said.
A portion of the compensation would involve stock, the person told the AP.
Madonna could also benefit significantly from the touring component of the agreement, which gives Live Nation the exclusive right to promote her tours, the person said.
Live Nation CEO Michael Rapino said in the statement that Madonna will be the founding artist in its new Artist Nation division, created to partner with musicians to manage their diverse rights and provide global distribution and marketing.
"I am thrilled that Madonna, who is also now a shareholder in our company, has joined with us to create a new business model for our industry," Rapino said. "Bringing all the varied elements of Madonna's stunning music career into the Artist Nation and Live Nation family, moves her future and the future of our company into a unique and extraordinary place."
Some Wall Street analysts have questioned whether Live Nation can squeeze out a significant profit from the deal. The Material Girl's age has also led some to suggest she may not be as bankable a recording artist as she's been in the past.
Arthur Fogel, the head of global touring at Live Nation who has produced Madonna's last three tours, shrugged off the criticism, blaming "ageism" for doubts about her ability to sell CDs and fill arenas.
"Madonna is an incredibly talented and vital artist and will continue to be," Fogel told the AP. "Clearly, we would not have done this deal if we didn't have a great expectation of great returns."
Rapino said he doesn't understand Wall Street's skepticism.
"I'm amazed that our stock hasn't jumped considerably in that we're absolutely delivering what we talked about for two years," he said, referring to Live Nation's efforts to grab a bigger slice of the music business beyond touring.
"This is not about a Madonna deal ... Madonna is the validation that this division is the strategy that's come to life," Rapino said.
The company expects to do other all-encompassing deals involving a range of artists, from superstars to new talent.
"There's no reason it can't work with a baby band," Rapino said.
-------------------------------------------------------------------------------------
This talk about Madonna's age, and not being able to generate as much profit as she used to, is such bull. Sure, Madonna is no spring chicken, anymore, but, several high profile artists are still going strong, even though they are much older than their peers. Also, those who question her earning power, must be blind. Not only has she been listed as one of the top earning entertainers, nearly year after year, but, her last tour is the highest grossing tour for a female artist, at around $200 million. Also, her last album, Confessions On A Dance Floor, has sold over 11 million copies, worldwide. Only her detractors would say that she doesn't have the earning power to make this deal worth it, for all involved.
Madonna Joins Forces With Live Nation in Revolutionary Global Music Partnership
LOS ANGELES, Oct. 16 /PRNewswire-FirstCall/ -- Live Nation’s President and Chief Executive Officer, Michael Rapino officially confirmed today that Madonna has entered into an unprecedented global partnership with Live Nation and will become the founding artist in its Artist Nation division.
"The paradigm in the music business has shifted and as an artist and a business woman, I have to move with that shift," commented Madonna. "For the first time in my career, the way that my music can reach my fans is unlimited. I’ve never wanted to think in a limited way and with this new partnership, the possibilities are endless. Who knows how my albums will be distributed in the future? That’s what’s exciting about this deal -- everything is possible. Live Nation has offered me a true partnership and after 25 years in the business, I feel that I deserve that."
"Madonna is a true icon and maverick as an artist and in business," stated Mr. Rapino. "Our partnership is a defining moment in music history. I am thrilled that Madonna, who is also now a shareholder in our company, has joined with us to create a new business model for our industry. Bringing all the varied elements of Madonna’s stunning music career into the Artist Nation and Live Nation family, moves her future and the future of our company into a unique and extraordinary place."
The first-of-its-kind partnership between Madonna and Live Nation encompasses all of Madonna’s future music and music-related businesses, including the exploitation of the Madonna brand, new studio albums, touring, merchandising, fan club/web site, DVD’s, music-related television and film projects and associated sponsorship agreements. This unique new business model will address all of Madonna’s music ventures as a total entity for the first time in her career.
Arthur Fogel, Chairman of Live Nation’s Global Music Division and Chief Executive Officer of Global Touring, who has produced the artist’s last three worldwide tours with the company which generated close to $500 million in the last six years commented, "Madonna is without a doubt one of the most fiercely original artists in history. It is a great opportunity for Live Nation and Artist Nation to build upon our years of success with Madonna as a touring artist."
Artist Nation was created to partner with artists to manage their diverse rights, grow their fan bases and provide a direct connection to fans through the global distribution platform and marketing proficiencies that have made Live Nation the world’s largest live music company. Headed by the division’s Chairman and Chief Executive Officer, Michael Cohl, Artist Nation has significant infrastructure in place to execute additional revenue streams including recorded music, merchandise, studios, media rights, digital rights, fan club/website and sponsorship divisions.
Joining with Artist Nation to work with Madonna will be Live Nation’s unmatched global distribution platform and artist-to-fan-reach, including over 80 offices in l8 countries, over 200 national and local sponsorship personnel, over l60 venues, access to over 35 million fans that attend well over l0,000 shows that Live Nation produces, promotes and/or hosts each year for over l,000 artists including fan access via Live Nation’s growing database of over 25 million fans.
"I’ve been fortunate enough to work with Madonna for half my life. She has always encouraged me and set a great example for me to push the boundaries to reach our full potential. This partnership exemplifies just that," commented Madonna’s co-manager Guy Oseary.
Angela Becker, Madonna’s co-manager added, "The partnership and vision for the future that Artist Nation along with Live Nation presented to us assured me that this is the ideal home for Madonna. It is with great trust and optimism that we collectively move ahead together."
In regard to Madonna’s relationship with her current label, the artist commented, "My time with Warner Bros. Records has been great. I appreciate their hard work and value the many relationships I have developed over the years with the label in the U.S. and around the world. I have an album coming out with them next year and I’m excited about it. We still have work to do together."
ABOUT MADONNA:
The multi-Grammy Award winning artist, songwriter, children’s book author, producer and video visionary with an unrivaled reputation for astonishing stage spectacles, has made music history many times over, logging an incredible 12 number one pop singles and 35 number one dance singles in the U.S. alone. Her 2006 "Confessions" tour generated almost $200 million, making it the highest grossing concert tour of all time by a female artist. Over the last 25 years, Madonna’s collective record sales number over 200 million albums worldwide. Her last album, Confessions On A Dance Floor debuted at number one in 29 countries and sold almost 8 million copies worldwide. Her last concert DVD The Confessions Tour -- Live from London, sold more than 1.2 million copies worldwide.
ABOUT LIVE NATION:
Live Nation is the future of the music business. With the most live concerts, music venues and festivals in the world and the most comprehensive concert search engine on the web, Live Nation is revolutionizing the music industry: onstage and online.
Headquartered in Los Angeles, California, Live Nation is listed on the New York Stock Exchange, trading under the symbol "LYV." Additional information about the company can be found at http://www.livenation.com under the "About Us" section.
------------------------------------------------------------------------------------
The deal is worth a reported $120 million to Madonna. From MSN.com:
http://music.msn.com/music/article.a...79812>1=7702
Madonna Inks Multi-Million Dollar Deal With Live Nation
Oct. 16, 2007, 2:33 PM EST
The Associated Press
NEW YORK -- Madonna and concert promoter Live Nation Inc. announced a deal Tuesday that will give the company an all-encompassing stake in the music of the Material Girl, the latest big-name artist to break ranks with a major record label.
Financial terms were not disclosed in the joint statement released by Madonna and Live Nation.
The deal is worth about $120 million over 10 years, a person who spoke on condition of anonymity because of the confidential nature of the matter previously told The Associated Press.
The official announcement came after weeks of speculation that Madonna would abandon Warner Music Group Corp., which refused to match the Live Nation deal.
Madonna said in the statement that she was drawn to the deal with Live Nation because of the changes the music business has undergone in recent years.
"The paradigm in the music business has shifted and as an artist and a business woman, I have to move with that shift," Madonna said. "For the first time in my career, the way that my music can reach my fans is unlimited. I've never wanted to think in a limited way and with this new partnership, the possibilities are endless."
The singer still owes Warner Bros. Records another studio album and a greatest hits album.
The deal with Live Nation encompasses future music and music-related businesses, including the Madonna brand, albums, touring, merchandising, fan club and Web site, DVDs, music-related television and film projects, and associated sponsorship agreements, the statement said.
Shares of Live Nation rose 8 cents to $21.50 during afternoon trading.
Under terms of the deal, Madonna, 49, would receive a signing bonus of about $18 million and a roughly $17 million advance for each of three albums, the person said.
A portion of the compensation would involve stock, the person told the AP.
Madonna could also benefit significantly from the touring component of the agreement, which gives Live Nation the exclusive right to promote her tours, the person said.
Live Nation CEO Michael Rapino said in the statement that Madonna will be the founding artist in its new Artist Nation division, created to partner with musicians to manage their diverse rights and provide global distribution and marketing.
"I am thrilled that Madonna, who is also now a shareholder in our company, has joined with us to create a new business model for our industry," Rapino said. "Bringing all the varied elements of Madonna's stunning music career into the Artist Nation and Live Nation family, moves her future and the future of our company into a unique and extraordinary place."
Some Wall Street analysts have questioned whether Live Nation can squeeze out a significant profit from the deal. The Material Girl's age has also led some to suggest she may not be as bankable a recording artist as she's been in the past.
Arthur Fogel, the head of global touring at Live Nation who has produced Madonna's last three tours, shrugged off the criticism, blaming "ageism" for doubts about her ability to sell CDs and fill arenas.
"Madonna is an incredibly talented and vital artist and will continue to be," Fogel told the AP. "Clearly, we would not have done this deal if we didn't have a great expectation of great returns."
Rapino said he doesn't understand Wall Street's skepticism.
"I'm amazed that our stock hasn't jumped considerably in that we're absolutely delivering what we talked about for two years," he said, referring to Live Nation's efforts to grab a bigger slice of the music business beyond touring.
"This is not about a Madonna deal ... Madonna is the validation that this division is the strategy that's come to life," Rapino said.
The company expects to do other all-encompassing deals involving a range of artists, from superstars to new talent.
"There's no reason it can't work with a baby band," Rapino said.
-------------------------------------------------------------------------------------
This talk about Madonna's age, and not being able to generate as much profit as she used to, is such bull. Sure, Madonna is no spring chicken, anymore, but, several high profile artists are still going strong, even though they are much older than their peers. Also, those who question her earning power, must be blind. Not only has she been listed as one of the top earning entertainers, nearly year after year, but, her last tour is the highest grossing tour for a female artist, at around $200 million. Also, her last album, Confessions On A Dance Floor, has sold over 11 million copies, worldwide. Only her detractors would say that she doesn't have the earning power to make this deal worth it, for all involved.
10-17-07, 09:11 AM
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Ok, so is this a good thing in your opinion? I can't tell. I heard that she collaborated with Timberlake and Furtado, but I don't know when that new album will come out. Anyone know if its still November?
10-17-07, 02:02 PM
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Originally Posted by spammied
Ok, so is this a good thing in your opinion? I can't tell. I heard that she collaborated with Timberlake and Furtado, but I don't know when that new album will come out. Anyone know if its still November?
10-17-07, 10:30 PM
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Originally Posted by spammied
Ok, so is this a good thing in your opinion? I can't tell. I heard that she collaborated with Timberlake and Furtado, but I don't know when that new album will come out. Anyone know if its still November?
10-18-07, 04:09 PM
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Originally Posted by MadonnasManOne
It's a very good thing, in my opinion. I support her decision, fully. The new album is supposed to have collaborations between Madonna, Timbaland, Justin Timberlake, and Pharrell Williams. I hadn't heard anything about Nelly Furtado, although I think that would be cool. Unfortunately, the new album has been pushed to next year. I was hoping it would be out before Christmas.
I liked the last album quite a bit, but I don't think I've ever liked anything associated to other 4 names mentioned.
10-18-07, 07:22 PM
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"That really doesn't excite me right there. I was honestly hoping for something a little more organic, what with her playing the guitar and all lately.
I liked the last album quite a bit, but I don't think I've ever liked anything associated to other 4 names mentioned."
I don't really mind who she collaborates with for this next album, as long as its done the same way as her last one..CONFESSIONS....ya know, all pumped up dance music, with no real breaks between the songs. So I am definitely looking forward to her new one (Im just glad she's putting one out)and I'll definitely see her show if she decides to tour. JMO
I liked the last album quite a bit, but I don't think I've ever liked anything associated to other 4 names mentioned."
I don't really mind who she collaborates with for this next album, as long as its done the same way as her last one..CONFESSIONS....ya know, all pumped up dance music, with no real breaks between the songs. So I am definitely looking forward to her new one (Im just glad she's putting one out)and I'll definitely see her show if she decides to tour. JMO
