Source: FilmMagic
As if Madonna isn’t rich enough, the star is preparing to sign a recording and touring deal worth $120 million with Live Nation Inc., according to the Associated Press. Under the terms of the 10-year deal Mrs. Richie would receive a signing bonus of $18 million and a $17 million advance for each of three albums. Live Nation would give the entertainment promoter the exclusive right to promote her tours and they would also be required to pay $50 million in cash and stock to promote her tours if she signs with them.
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