Madonna has finished recording her first album in five years, and is gearing up to release it in March via a $40 million deal between Interscope and Live Nation.
In 2007, Madonna signed a 10-year deal with Live Nation reportedly worth $100 million. The multi-faceted "360" deal covers studio albums, touring, merchandising, her fan club and website, DVDs, music-related TV and film projects, and sponsorships. According to The Hollywood Reporter, this joint venture with Interscope will cover $40 million and three Madonna albums.
The new LP is just part of a big push for the superstar in early 2012. According to a statement from Interscope and Live Nation, Madonna's first single, titled “Gimme All Your Luvin,” is set to be released the last week of January, right before her Super Bowl halftime performance on Feb. 5. (A demo of the song hit the Web in early November.) Then, on Feb. 3, the film W.E., which Madonna directed and co-wrote, is slated to hit theaters.
“We anticipate a very bright future at our new home,” Guy Oseary, Madonna's manager, said in a statement today.
Jimmy Iovine, Chairman of Interscope Geffen A&M, sounded equally thrilled: "Very rarely does an opportunity like this come around," he said. "We would like to thank Madonna, Guy and Live Nation for their belief in us."
(Photo: Stephen Lovekin/Getty Images)
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