MADONNA and MAVERICK are no more. FOX NEWS reports the pop music icon has split with the label she co-founded 12 years ago, MAVERICK RECORDS, in a buyout by WARNER MUSIC GROUP, WMG announced TODAY (8/20).
Insiders estimate the deal by WARNER to buy out MADONNA could be worth $100 million to the MATERIAL GIRL, who’s reportedly planning a move to the LOS ANGELES-based LIVE NATION (NET NEWS 7/30).
MTV.COM reported that the company will also buy out MAVERICK COO RONNIE DASHEV; third partner GUY OSEARY will continue to work with both MAVERICK and WARNER MUSIC.
Source: allaccess.com : http://www.allaccess.com/site/netNews/index.php?bs=sk&sn=home&ng=industryTools&ag=172#29052
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