Live Nation and Madonna appear to have finalized a massive touring, merchandising, and recording arrangement, according to information shared Wednesday.
A high-ranking source involved in the negotiation disclosed the deal to Digital Music News, though Live Nation was unable to confirm the development. The source noted that the paperwork was recently finalized, and that the tie-up carries an immense dollar value. Other specifics were not shared, though more information may circulate over the next week.
The structure of the negotiation as described points to a broadening Live Nation model, one that continues to move past core live performance revenues. In the past year, Live Nation has significantly broadened its venues, merchandising, and online footprints though deals involving House of Blues, Trunk Ltd., Musictoday, and others.