Madonna has always been groundbreaking and as she gears up to sign a whopping new record deal, worth $120 million, she's charting new territory again. Instead of signing with a traditional record label, Madonna is making her deal with concert promotion firm Live Nation Inc - the first of its kind. The pop icon will receive a mix of cash and stock for allowing the company to distribute three studio albums, promote concert tours, sell merchandise and license her name. Madonna still owes one more record and a greatest hits album to her current label, Warner Bros. + Reprise Records, whom she's leaving because they weren't able to match the big money. Mazel tov, Esther!
Your life just got exponentially better and more stylish now you've signed up for our newsletter. Fabulousness awaits!