madonna_101107_05.jpg

120 million dollars included in a touring and recording deal for three records with Live Nation Inc. was the price that it took to convince Madonna to switch from her longtime record label Warner Music Group Corp. An insider privy to the details of the deal said that after Warner was unable to match the final offer made by Live Nation and that the pop star now plans to sign the 10-year agreement. From MSNBC.com:

Under terms of the proposed 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 said.
The article goes on to further outline details about the deal, needless to say, Madonna's going to get LOTS more money and apparently, plans to keep working for the next ten years. That's clearly why she's so intent on staying in shape that she's actually jogging from one business transaction to the other, just to keep her heart rate up.

http://socialitelife.celebuzz.com/images/2007/10/madonna_101107_04-thumb.jpghttp://socialitelife.celebuzz.com/images/2007/10/madonna_101107_02-thumb.jpghttp://socialitelife.celebuzz.com/images/2007/10/madonna_101107_03-thumb.jpghttp://socialitelife.celebuzz.com/images/2007/10/madonna_101107_01-thumb.jpg

(WENN)






6 Comments

October 11, 2007 2:44 PM

But, won't she be 347 in ten years?

October 11, 2007 2:47 PM

if lisa's old people theory holds true from the elton/billiejean post, then madonna must've received her membership card and free navy&white track suit in the mail.

October 11, 2007 2:55 PM

She looks like my mother in that picture...you can really see her 'mature skin'...

Is Madge the Vagde even relevant anymore?

October 11, 2007 4:56 PM

This might have been interesting news....25 YEARS AGO!!!!!

October 11, 2007 10:03 PM

Don't people who indulged in blow in the 80's have heart attacks about now. Not that i want her to die, but 10 years is probably a commitment she can't keep.

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