The much rumored Madonna deal that has the Material Girl leaving WMG for an all inclusive deal Live Nation appears to be on. Price tag $120 million. Rather than me rehashing the wire services stories, you can the full text of Wall Street Journal article here.
Yes this seems like sad day for WMG and a smart move by Live Nation. But what does it really mean?
In fact Warner's should really be patting themselves on the back At least they resisted the temptation to overpay an aging artist to up a recording contract at a time when no one is paying for music.
Moreover, very few artists pack the one two recorded and live punch that Madonna does and would thus be worthy of or benefit from this kind of deal. This is really just another worthy experiment at a time when experimentation is long overdue.