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It’s official.
Madonna and concert promoter Live Nation announced a deal Tuesday that will give the company a huge stake in the music of the Material Girl, the latest big-name artist to break ranks with a major record label.
Financial terms were not disclosed in the joint statement released by Madonna and Live Nation, but the deal reportedly is worth about $120 million over 10 years, according to a person who spoke on condition of anonymity because of the confidential nature of the matter.
