Madonna Close To Inking Live Nation Deal

Madonna is allegedly close to leaving Warner Bros. to sign a $120 million deal with concert promotion company Live Nation Inc. The deal is said to grant the pop queen cash and stock in exchange for three studio albums as well as rights to promote tours, sell merchandise, and license the Madonna name. In the meantime, she still owes Warner, her recording home from the start of her career back in 1983, one new studio album and a greatest hits package.

http://www.billboard.com/bbcom/news/article_display.jsp?vnu_content_id=1003657081

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