Madonna's $120m and Jay-Z's $150m Deals Cost This Man His Job
 

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After signing much-hyped nine-figure "360" deals with Jay-Z and Madonna, to handle all their album sales, touring, and merchandising, concert promoter-cum-all things music industry company Live Nation faces the fallout: Chairman Michael Cohl is being pushed out. He's negotiating the terms of his "resignation" now with CEO Michael Rapino. Not everybody thought lavishing more than a hundred million dollars on major artists was such a good idea, given the current industry climate.

Jun 20, 2008 · 2 views (beta) · Link · 2 Responses
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Comments (2)

No. 1 · gorgeousblackwomen

Signing 9 figure deals with the geriatric set (by industry standards, over 35) should cost him his job. I'm sure he'll guess a nice golden handshake and shower if he's into that.

Posted: Jun 20, 2008 at 7:57 pm · @Reply · [Flag?]
No. 2 · fiona

I picture a nyc central park festival featuring madge, cher, elton and jagger. A geriatric storm of blase pop classics. These folks don't know what grace is. Make way, old timers.

Posted: Jun 21, 2008 at 2:15 am · @Reply · [Flag?]
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