Madonna may leave
behind her longtime recording company, Warner Music
Group, for concert titan Live Nation. The deal would swap
her arrangements for recorded music, touring,
merchandising, and other business concerns, according
to TheHollywood Reporter.
Nation's touring division chairman, Arthur Fogel, has
produced the pop star's last three world tours,
grossing a combined $400 million.
Live Nation is
the globe's largest live-event producer and venue
CEO, Michael Rapino, has expressed interest to form
longer-term relationships with artists, according to the
report. The rumored offer to Madonna is $180 million,
with the company potentially licensing the recording
rights for $30 million. (The Advocate)