OMEN
10-18-2007, 08:30 AM
Madonna has signed a ground-breaking deal to give her fans "unlimited" access to her music.
The Material Girl singer agreed a recording and touring contract with concert promoter Live Nation, because she believed the deal - worth an estimated $120-million (about R800-million) over 10 years - would offer "endless" possibilities.
Madonna said: "The paradigm in the music business has shifted and as an artist and a businesswoman, I have to move with that shift.
"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."
Live Nation own the rights to all her music-related projects - including new albums, tours, merchandise, websites, DVDs, sponsorship, TV shows and films.
Live Nation chief executive Michael Rapino said: "Madonna is a true icon and maverick as an artist and in business. Our partnership is a defining moment in music history.
"We have created a new business model for our industry."
Madonna is contracted to make one more album with her long-term record label Warner Music Group Corporation.
The queen of pop was with Warner for 25 years, selling more than 200 million single and albums.
Bang Showbiz
The Material Girl singer agreed a recording and touring contract with concert promoter Live Nation, because she believed the deal - worth an estimated $120-million (about R800-million) over 10 years - would offer "endless" possibilities.
Madonna said: "The paradigm in the music business has shifted and as an artist and a businesswoman, I have to move with that shift.
"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."
Live Nation own the rights to all her music-related projects - including new albums, tours, merchandise, websites, DVDs, sponsorship, TV shows and films.
Live Nation chief executive Michael Rapino said: "Madonna is a true icon and maverick as an artist and in business. Our partnership is a defining moment in music history.
"We have created a new business model for our industry."
Madonna is contracted to make one more album with her long-term record label Warner Music Group Corporation.
The queen of pop was with Warner for 25 years, selling more than 200 million single and albums.
Bang Showbiz