The cover girl is back & working on new material with a new label.
Madonna recently signed a three album deal with Universal Music Group’s Interscope for $3 million. The new contract is in addition to her ongoing 10 year contract with Live Nation (which she signed in 2007; potentially worth as much as $100 million). Madonna joins existing Interscope artists including Lady Gaga, P Diddy and 50 Cent.
Live Nation CEO Irving Azoff originally mentioned in Feburary that a marger could happen for the star sometime later in the year. ”Live Nation, prior to the merger, entered into some of these all-rights deals, so there are certain artists, Madonna being one of them, that there is a recorded-music strategy,” Azoff said. “Once she gets the album recorded, we’ll sit down with her and her manager, Guy Oseary, and figure out what’s best for the record. It has to start with the music.”