July 31, 2007 07:19:14 GMT
Madonna is allegedly one step away from striking a deal with Live Nation that will require her to leave Warner Music Group.
Madonna is reportedly in talks with Live Nation, meaning if a deal is struck, she will have to leave Warner Music Group. The deal that is rumored to reach $100 million indeed will send the pop queen a number of higher privileges.
Should Live Nation be her house, Madonna will leave it to the tour giant to take care of her album releases, merchandise, sponsorships and of course, tour. But still, album distribution and marketing would be a label responsibility. In return, Live Nation would receive an equity stake in the joint venture.
Madonna's new album is still under work with collaboration from hip-hop producer Timbaland. Just last week, her highly-anticipated first single "Candy Shop" featuring Justin Timberlake leaked online, but it has since been removed due to copyright issue. The album that becomes her latest contract with Warner Music is aimed for late 2007.