Record labels vying for Mariah Carey
Pop star Mariah Carey, who last year saw her latest album rack up the weakest sales of her career after signing an estimated $80-million record deal, once again is the target of a fierce bidding war among several major record labels. Representatives for Carey and the labels declined to comment. But sources said the singer had received interest from such companies as Island Def Jam and Elektra. Sources said the singer could command advances amounting to a fraction of the $20 million per-album fee guaranteed under her former contract with EMI Group's Virgin Records division.
EMI dropped Carey in January following the disastrous sales of her first album under that deal, the soundtrack for the film "Glitter". The album has sold 521,000 copies, according to SoundScan data. EMI paid $28 million to buy the singer out of the remainder of the contract. (LA Times)
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