Music Industry Changes Its Tune

FINANCIAL TIMES—As the music industry struggles to reinvent itself for the digital age, some of its most bankable artists are the ones calling the tune.

Madonna this week neared a landmark deal to leave Warner Music, her long-time label, for Live Nation, the concert promoter.

The 10-year contract would pay more than $70m in cash and stock advances for albums, tours and merchandise, according to people familiar with its terms. Altogether, it could be worth well over $100m for the Material Girl. Read article.