Madonna Dumps Record Industry

Nine Inch Nails, Oasis and Jamiroquai have all reportedly dropped their record labels and have started selling music directly to the public. Now news is Madonna is dropping Maverick (Warner)and has signed a $120 million deal with L.A. based concert promotion firm Live Nation to distribute three studio albums, promote concert tours, sell merchandise and license Madonna’s name. Whats interesting about that is Live Nation is not an RIAA member company. So while she's not going to be selling music directly to the public like the three bands I mentioned, the RIAA (who has sued everyone from 12 year old girls to dead grandmothers; and even people who don't have computers for allegedly pirating music) isn't going to be paid royalties for her music from now on.
The bad news? Live Nation is a spin off of Clear Channel. D'oh!
read more | digg story