Quote:
Originally Posted by RawAlex
Madonna isn't jumping ship. She just took what is a better overall offer. The current record companies aren't going to put that type of money on the table, and performers like Madonna aren't going to put their concert gross, souvenir, and likeness rights on the table either. At the end of the day, this company will go to one of the major record labels and get a distribution deal, and the record companies will still be in the game.
The record companies will still be in the game, and some other company has be put in the place to plunk down 100 million dollars worth of risk money to get there.
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I don't think you understand what Clear Channel is and what they do. They are not a record company and therefore it is pertinent to our discussion. If you don't realize the implications of this then you really can't comprehend what this is going to do to the industry.
They are certainly making money off of her tour. Now that she has inked a deal with Live Nation, she is only going to play in Clear Channel venues and at Live Nation promoted events and therefore they are making money, big money off of her. Look on Wikipedia and see what huge festivals Live Nation owns. This company is not interested in making money off album sales I can guarantee you that.