Carey negotiating for a new label
Mariah Carey, seeking a career rebound after the back-to-back flops of her debut movie and its soundtrack album, is negotiating with new record companies just weeks after her last label dropped her. Two of Warner Music Group's labels, Elektra and Warner Bros. Records, are among the companies that have made offers to Carey, according to sources familiar with the talks. Universal Music Group's label Island Def Jam also reportedly is interested.
"She is meeting with a lot of different labels. She's a very smart businesswoman and is taking her time before she makes a decision," Carey's spokeswoman, Cindi Berger, said Friday. The 31-year-old Grammy winner agreed in January to end a $100 million contract with Virgin Records with a $49 million payout after the weak debut of her musical drama "Glitter" and its accompanying soundtrack. Before that, she suffered a psychological breakdown and was hospitalized for exhaustion.
Any new recording deal is expected to be tens of millions of dollars less and cover fewer albums than her contract with Virgin, which was for four albums. Warner executives would not comment on Carey and calls to Universal were not immediately returned. Carey's attorney, Donald Passman, said he could not comment on his client's negotiations until a deal was finalized. (AOL News)
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