Mariah Carey's record deal rebound includes personal label

Mariah Carey, who received a $28 million buyout after delivering one flop album for Virgin Records, has signed a new deal with Island/Def Jam that includes her own label, it was announced Wednesday. The multiplatinum star has been without a label since January, when EMI, Virgin's parent company, dropped her contract after her only disc for the label, "Glitter", was a poor seller.
Since the split, several companies were reportedly bidding to sign the Grammy-winning singer, one of the most successful artists of all time, with hits such as "Vision of Love", "Hero", "Fantasy" and "Emotions". "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," said Lyor Cohen, president and CEO of Island/Def Jam.
The company is home to stars such as Jay-Z, Willie Nelson, Ryan Adams, Ja Rule and Ashanti. It is part of Universal Music Group, which is owned by the conglomerate Vivendi Universal. Carey has already begun recording her new disc, said Jerry Blair, a former executive at Columbia Records who has worked with Carey since the inception of her career. "The record she's working on is going to be a real wide-appeal record," Blair told The Associated Press. "There's no artist who is as successful a global artist. There is no artist that has as wide range of commercial appeal."
Blair declined to put a financial figure on the new deal. Carey's spokeswoman said the singer would not be available to comment. Carey, 32, was an immediate commercial success when she made her self-titled debut for Columbia Records in 1990. The album went multiplatinum, as did all her other albums on the label, a division of Sony. However, Carey became disenchanted with Sony after her divorce from Sony Music President Tommy Mottola, who had guided her career as president of Columbia.
She left Columbia last year and signed with Virgin in a much-hyped multialbum deal reported to be worth as much as $100 million. Her first disc, "Glitter", was to be the soundtrack of her film project of the same name, her first starring role. However, her career took a disastrous turn: After displaying erratic behavior in public, Carey was hospitalized for an emotional breakdown in August. She dropped out of the public eye, and both her disc and the movie were commercial failures.
In January, EMI, Virgin's parent company, paid $28 million to void her contract. Since she had received $21 million when she was signed, Carey got $49 million for delivering one album. Blair said Carey was in good spirits and "doing just incredibly well". He said she was not concerned that her recent troubles would hurt her career. She has a new film with Oscar-winner Mira Sorvino, titled "Wise Girls". The film debuted at the Sundance film festival, and will be shown in the fall on HBO, Blair said.
He said Carey's new label, as yet unnamed, would focus on her, but would eventually include other artists. Carey has also created a media company to handle publishing, film production and other projects. "Setting up this company for her is really guaranteeing her legacy," Blair said.

(The Nando Times)

Thursday 9 May 2002
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2015 (47,045) by B from USA

2015 marks twenty-five years of Mariah blessings us with her gift. Her voice is a gift from God. She's the lyricist of our generation. She's a singer-songwriter, producer, and actress. 2015 marks my twentieth year as a fan. I still remember where I was at when I heard Fantasy for the first time. I was ten when Fantasy came out in 1995 and I'll be t... read more
(Thursday 2 October 2014; 16:16)
Mariah (47,044) by B from USA

Mariah writes her best songs (albums) when she's unhappy, has anyone else noticed this?
(Thursday 2 October 2014; 14:25)
Just a thought (47,043) by Norman from USA

Hello everyone. This is my first time writing a message on here, although I've been a frequent visitor and reader for a while now. I know all of us are wondering what Mariah's next move will be, and we all our opinions, so with that in mind I'd like to say that I believe our beloved Mimi will record a "live" album during this tour. It will include ... read more
(Thursday 2 October 2014; 13:07)
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