Report: Madonna Talking Mega-Deal With Live Nation; New York Office Announces Appointments
July 30, 2007 at 6:34 AM (PT)
MADONNA is considering leaving WARNER MUSIC GROUP in favor of life without a traditional record contract, reports THE NEW YORK POST. With MADONNA's existing pact with WARNER BROS. RECORDS winding down, her camp is considering an all-encompassing music deal with touring giant LIVE NATION that could be worth more than $100 million.
An agreement, if struck, would create an entity that would manage all MADONNA-related businesses, including albums, touring, merchandise and sponsorships over a multi-year period. LIVE NATION would acquire an equity stake in the pop diva's overall business.
The joint venture company would then look to enter into an agreement with a label to handle distribution and marketing support of any MADONNA album releases.
MADONNA is currently in LONDON working with A-list names like JUSTIN TIMBERLAKE, PHARRELL and TIMBALAND on the follow-up to 2005's "Confessions on a Dancefloor." It's the last studio album due under her existing pact with WARNER and is tentatively scheduled for release later this year.
Privately, insiders regard the LIVE NATION talk as the opening salvo in what figures to be an extended re-negotiation of her deal, which was last extended in 2000.
Live Nation Makes Several New York Appointments
LIVE NATION announced today a number of key appointments in its NEW YORK CITY office. Veteran concert promotion executive KEVIN MORROW has been named Pres. LIVE NATION/NEW YORK. He replaces BRUCE MORAN, who was named Pres. of the company's newly-formed LATIN AMERICAN Division. RON DELESNER remains Chairman of LIVE NATION/NEW YORK.
"KEVIN has done a remarkable job of unifying the LIVE NATION and HOUSE OF BLUES club buyers in a very short period of time," said Pres. NORTH AMERICAN MUSIC JASON GARNER. "His proven talent at building teams and his ability to develop and nurture artists, as he has for so many years at HOUSE OF BLUES, make him a perfect leader for our NEW YORK team."
The other key appointments in LIVE NATION/NEW YORK are as follows:
-- PHIL ERNST will remain in his position as SVP/Bookings at the office.
-- JASON MILLER has been named SVP/Bookings.
-- SEAN STRIEGEL has been named VP/Booking.
In addition to the above appointments, Pres. LIVE NATION/CONNECTICUT JIM KOPLIK will play an expanded role in the NEW YORK operation.