Madonna to sign $120 million record deal: To include three albums and touring

According to reports Madonna is near to signing a new record deal with Live Nation Inc. which will be worth $120 million. In the deal it is to include her making three albums and also touring dates, this means that the pop superstar will be leaving her record label Warner Music Group Corp. who she has worked with for a long time.

Reports say that Warner could not match this offer from Live Nation, which is why Madonna deiced to part ways with the record label. In the record deal Madonna will receive an $18 million bonus and another $17 million advance for each of the three albums that she has to make. But where Madonna will make the real money is from doing tours, and Live Nation will hold the exclusive rights to promote her tours.

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