With the rise and general ubiquity of digital music and it's availability through downloads on all kinds of appliances, sales of CD's are collapsing, forcing all the industry players to review their business models and negotiate wide-ranging contracts with artists to boost sales and profit margins. The latest would seem to be Madonna with news today of her possible move from her long-time record label Warner Brothers to concert promoter Live Nation Inc., which underscores how shrinking music sales are turning former partners into competitors. It would seem that Madonna is close to sealing a $120 million, 10-year contract with Live Nation, says a source familiar with talks. With the ever increasing number of opportunities for people to download music digitally, it will only get worse for the major record companies.
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This aint chickenfeed!
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