With "All That Glitters", Carey goes for gold

Thursday 22 March 2001

Mariah Carey's days as a recording artist on the label headed by her ex-husband are officially behind her. Lawyers for the singer, whose five-year marriage to Sony Music chief Tommy Mottola ended in 1998, have worked out a deal for Carey to leave the label to pursue an association with a rival company. Carey, who recorded her first-ever album for the label in 1990, had owed Sony one more disc as part of her contract. While there was much dickering over whether that album would be the soundtrack to her upcoming movie, "All That Glitters," it's now a moot point.
According to sources, Carey's exit from Sony allows her to take the "All that Glitters" soundtrack to another company. Sony will retain the rights to the soundtrack in Japan, where Carey is huge. As for Carey's next move, I hear she's looking for a four-record deal that would pay her $25 million per album. If she gets what she wants, it would be the richest recording contract of all time.
I'm further told that the labels she's talking to have been asked to offer sealed bids. The labels most often mentioned include Warner Bros., Interscope, Universal and Jive. Sony reps declined comment, as did Carey's rep, Cindi Berger. Meanwhile, the movie "All That Glitters" opens in August.

(The New York Daily News)

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