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HitsDailyDouble.com reports Mariah Carey has signed on with Lyor Cohen at Island Def Jam in a deal with will have Carey given her own label under the IDJ banner. Carey had also been courted by Clive Davis’ J Records and Sylvia Rhone at Elektra but chose to go with Cohen, who´s label is the marketshare leader so far this year. Read more. [Requires registration] ישראל על המפה!!!
HitsDailyDouble.com reports Mariah Carey has signed on with Lyor Cohen at Island Def Jam in a deal with will have Carey given her own label under the IDJ banner. Carey had also been courted by Clive Davis’ J Records and Sylvia Rhone at Elektra but chose to go with Cohen, who´s label is the marketshare leader so far this year. Read more. [Requires registration] ישראל על המפה!!!
מחפש ראש פתוח
New member
Mariah Inks New Label Deal
Mariah Carey has inked a deal to form her own label with Island Def Jam Music Group, Billboard Bulletin reports. The still-unnamed imprint will be run by Jerry Blair, with whom Carey worked while she recorded for Columbia Records. According to sources, Carey -- who parted ways with Virgin Records in January after her disappointing "Glitter" soundtrack for a buyout of close to $30 million -- is in the studio and hopes to release a new album "as soon as possible." A Billboard.com poll at the time found that 60% of more than 4,000 voters felt Carey was better off in the long run by accepting Virgin´s buyout. 31% disagreed, saying that her star power has waned, and that the split was better for Virgin, which decided to cut its losses in paying out her contract, rather than risk an uncertain future with the artist. Carey stars with Mira Sorvino in the film "Wisegirls," scheduled for release later this year. -- Melinda Newman, L.A. http://www.billboard.com/billboard/daily/article_display.jsp?vnu_content_id=1485876
Mariah Carey has inked a deal to form her own label with Island Def Jam Music Group, Billboard Bulletin reports. The still-unnamed imprint will be run by Jerry Blair, with whom Carey worked while she recorded for Columbia Records. According to sources, Carey -- who parted ways with Virgin Records in January after her disappointing "Glitter" soundtrack for a buyout of close to $30 million -- is in the studio and hopes to release a new album "as soon as possible." A Billboard.com poll at the time found that 60% of more than 4,000 voters felt Carey was better off in the long run by accepting Virgin´s buyout. 31% disagreed, saying that her star power has waned, and that the split was better for Virgin, which decided to cut its losses in paying out her contract, rather than risk an uncertain future with the artist. Carey stars with Mira Sorvino in the film "Wisegirls," scheduled for release later this year. -- Melinda Newman, L.A. http://www.billboard.com/billboard/daily/article_display.jsp?vnu_content_id=1485876
Mariah Signs With Island/Def Jam, R
Mariah Signs With Island/Def Jam, Records With JD That new album Mariah Carey has been recording on the down low has finally landed a home ... on her own label. The Universal Music Group announced Wednesday (May 8) that they have signed the biz´s most highly touted free agent to a new deal that will see one of its branches, the Island/Def Jam Music Group, distribute the music released by Carey´s yet-to-be-named company. "I´m incredibly happy," Carey said in a statement. "It´s a tremendous and unprecedented opportunity to be working in tandem with [Universal Music Group Chairman/CEO] Doug [Morris], [Island/Def Jam President/CEO] Lyor [Cohen] and [Interscope Geffen A&M Chairman] Jimmy [Iovine], and to have the benefit of their powerful international forces led by [Universal Music International Chairman] Jorgen Larsen. They have collectively helped redefine pop music, and I am excited to be part of their family." "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," Lyor Cohen offered in a statement. "The hallmark of Island Records has always been to take the current model of bringing music to the fans, turning it on its head, and redefining it for a new generation." Although Cohen has described Mariah as entering a new plateau with her career, the superstar singer is somewhat sticking to the script for her new project. On the set of the video for the "Welcome to Atlanta" remix in New York on Wednesday, longtime collaborator Jermaine Dupri said that he has contributed five songs to the new Mariah project. "It´s hot," a never-shy Dupri boasted. "We ain´t doing nothing different. I just wanted to make sure we kept to the same [familiar sound]. A lot of people don´t know I did one of the biggest records she ever had, ´Always Be My Baby.´ I wanted to make sure we stuck to that. That´s what the fans want." Producers DJ Quik and 7 Aurelius have also come forward in recent weeks to say they´ve helped to create soundscapes for Carey´s new album. There is no word on when Carey´s LP will be released, and no monetary terms of her deal with Island/Def Jam have been disclosed. Not that Mariah is hurting for cash, of course. In April of 2001, Carey signed with Virgin Records for close to $82 million and was paid $21 million up front. After the movie and the soundtrack "Glitter" flopped, EMI, Virgin´s mother company, decided to cut their losses and paid Carey $28 million in January to sever ties with the singer Source: MTV News http://www.mtv.com/news/articles/1453868/20020508/carey_mariah.jhtml?headlines=true&partner=aol
Mariah Signs With Island/Def Jam, Records With JD That new album Mariah Carey has been recording on the down low has finally landed a home ... on her own label. The Universal Music Group announced Wednesday (May 8) that they have signed the biz´s most highly touted free agent to a new deal that will see one of its branches, the Island/Def Jam Music Group, distribute the music released by Carey´s yet-to-be-named company. "I´m incredibly happy," Carey said in a statement. "It´s a tremendous and unprecedented opportunity to be working in tandem with [Universal Music Group Chairman/CEO] Doug [Morris], [Island/Def Jam President/CEO] Lyor [Cohen] and [Interscope Geffen A&M Chairman] Jimmy [Iovine], and to have the benefit of their powerful international forces led by [Universal Music International Chairman] Jorgen Larsen. They have collectively helped redefine pop music, and I am excited to be part of their family." "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," Lyor Cohen offered in a statement. "The hallmark of Island Records has always been to take the current model of bringing music to the fans, turning it on its head, and redefining it for a new generation." Although Cohen has described Mariah as entering a new plateau with her career, the superstar singer is somewhat sticking to the script for her new project. On the set of the video for the "Welcome to Atlanta" remix in New York on Wednesday, longtime collaborator Jermaine Dupri said that he has contributed five songs to the new Mariah project. "It´s hot," a never-shy Dupri boasted. "We ain´t doing nothing different. I just wanted to make sure we kept to the same [familiar sound]. A lot of people don´t know I did one of the biggest records she ever had, ´Always Be My Baby.´ I wanted to make sure we stuck to that. That´s what the fans want." Producers DJ Quik and 7 Aurelius have also come forward in recent weeks to say they´ve helped to create soundscapes for Carey´s new album. There is no word on when Carey´s LP will be released, and no monetary terms of her deal with Island/Def Jam have been disclosed. Not that Mariah is hurting for cash, of course. In April of 2001, Carey signed with Virgin Records for close to $82 million and was paid $21 million up front. After the movie and the soundtrack "Glitter" flopped, EMI, Virgin´s mother company, decided to cut their losses and paid Carey $28 million in January to sever ties with the singer Source: MTV News http://www.mtv.com/news/articles/1453868/20020508/carey_mariah.jhtml?headlines=true&partner=aol
offical press release
FOR IMMEDIATE RELEASE THE #1 SELLING FEMALE ARTIST SIGNS WITH THE WORLD´S #1 MUSIC COMPANY MARIAH CAREY AND HER NEWLY FORMED LABEL SIGN WITH ISLAND RECORDS BREAKING NEW GROUND IN THE MUSIC INDUSTRY WITH A UNIQUE ARRANGEMENT New York, New York, May 9, 2002 – Vivendi Universal, one of the world´s leading media companies encompassing the #1 music company, has signed award-winning musical superstar Mariah Carey to an exclusive recording contract, it was announced today by Doug Morris, Chairman and CEO of the Universal Music Group, and Lyor Cohen, President and CEO of The Island Def Jam Music Group. The multi-platform integration of Mariah Carey and her recently established media company into the Vivendi Universal system sets a new standard for the entertainment industry. It is a unique partnership between Ms Carey and Vivendi Universal Entertainment Committee members Doug Morris, Lyor Cohen, Jimmy Iovine (Chairman, Interscope Geffen A&M) and Jorgen Larsen (Chairman, Universal Music International), who will all work together with the various divisions of parent Vivendi Universal (VU) to handle the comprehensive co- ordination of Ms Carey across a variety of VU´s print, television, film and online marketing brands. "Mariah is an international treasure and when she became a free agent, all of us at Universal saw it as a onetime opportunity since artists of her caliber seldom become available" stated Morris. "Therefore, our approach will exemplify the kind of comprehensive effort we´re uniquely positioned to deliver thanks to the commitment of Jean-Marie Messier (Chairman, Vivendi Universal) to building VU into a world leader. Our approach moves above and beyond the concept of a standard marketing plan by seamlessly integrating a variety of elements that will allow us to be more efficient and effective in our outreach to fans. They will see Mariah in places and ways they´ve never seen before." "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," commented Cohen. "The hallmark of Island Records has always been to take the current model of bringing music to the fans, turning it on its head, and redefining it for a new generation. And thanks to the overwhelming support of Doug Morris, that´s exactly what we are going to do with Mariah by taking advantage of Vivendi Universal´s unparalleled brands and resources. This will literally be a company-wide effort at all levels." "The signing of a superstar like Mariah is a testament to Doug Morris´ vision for UMG," remarked Iovine. "Following the merger in ´98, Doug has successfully created the first global music company whose different divisions all operate with a level of cohesiveness that is unprecedented in the industry. We are all committed to supporting Lyor and ensuring that Mariah reaches her fullest potential in the marketplace." "Mariah is a global phenomenon and we are all excited about working with her," added Larsen. "Every international territory will be serviced extensively, and we expect to drive record sales with this full-on approach." Mariah Carey´s records will be released on her label, which is distributed by Island Records. Jerry Blair, who helped Mariah make history when she achieved her record-breaking 15 #1 singles and most consecutive weeks at #1, will head up the team at the label. States Blair, "Quite simply, Mariah is the greatest singer of our time. She is an incredible songwriter, producer and businesswoman. There is no one who has a closer relationship with her fans. The landscape has forever changed in the music business. This situation creates a new template, and is the guarantor of her legacy. It is a logical progression for Mariah to have her own company working in conjunction with the world´s biggest music entity. We will take advantage of every opportunity to connect with music fans around the globe, with every available facet of media." Carey, who is already in the process of recording her next album, stated: "I´m incredibly happy. It´s a tremendous and unprecedented opportunity to be working in tandem with Doug, Lyor and Jimmy, and to have the benefit of their powerful international forces led by Jorgen Larsen. They have collectively helped redefine pop music and I am excited to be part of their family." As the world´s best selling female performer of all time, Ms Carey rose to superstardom on the strength of her stunning five-octave voice, prolific songwriting ability and far-reaching, versatile talent which allowed her to move easily through many different styles of music, ranging from pop, R&B, dance and ballads. Her self-titled debut took the music industry by storm, launching no less than a whopping four #1 singles, including "Vision of Love." Her immediate and unprecedented success earned Grammy Awards for Best New Artist and Best Female Vocalist. Ms Carey went on record to Emotions and MTV Unplugged, which generated 2 #1 singles. Her third full length effort, Music Box, added two more singles to her record of chart-toppers, with "Dreamlover" and "Hero". She quickly returned to the studio to write and produce the holiday release Merry Christmas, scoring yet another smash with the seasonal hit, "All I Want For Christmas Is You". Her fifth record, Daydream, marked yet another milestone in the superstar´s burgeoning career, as her first single, "Fantasy", debuted at #1, making Ms Carey the first female singer and just the second performer ever to accomplish the feat. The follow-up single "One Sweet Day" - - a collaboration with Boyz II Men - - repeated the feat, and remained lodged at the top of the charts for a record-breaking 16 weeks. Continuing to build upon her reputation as one of the industry´s most prolific singer / songwriters, Ms Carey released Butterfly, another staggering success and her most personal album to date. This was followed by #1´s, a collection featuring her 13 previous chart-topping singles as well as "The Prince of Egypt (When You Believe)," a duet with Whitney Houston. With "Heartbreaker," the first single from her 1999 album Rainbow, Ms Carey became the first artist to top the charts in each year of the 1990s; the record also pushed her ahead of the Beatles as the artist with the most cumulative weeks spent atop Billboard Magazine´s coveted Hot 100 Singles chart. Ms Carey emerged into the next century with her 15th #1 single, "Thank God I Found You". *Thanks to Ashes for this info
FOR IMMEDIATE RELEASE THE #1 SELLING FEMALE ARTIST SIGNS WITH THE WORLD´S #1 MUSIC COMPANY MARIAH CAREY AND HER NEWLY FORMED LABEL SIGN WITH ISLAND RECORDS BREAKING NEW GROUND IN THE MUSIC INDUSTRY WITH A UNIQUE ARRANGEMENT New York, New York, May 9, 2002 – Vivendi Universal, one of the world´s leading media companies encompassing the #1 music company, has signed award-winning musical superstar Mariah Carey to an exclusive recording contract, it was announced today by Doug Morris, Chairman and CEO of the Universal Music Group, and Lyor Cohen, President and CEO of The Island Def Jam Music Group. The multi-platform integration of Mariah Carey and her recently established media company into the Vivendi Universal system sets a new standard for the entertainment industry. It is a unique partnership between Ms Carey and Vivendi Universal Entertainment Committee members Doug Morris, Lyor Cohen, Jimmy Iovine (Chairman, Interscope Geffen A&M) and Jorgen Larsen (Chairman, Universal Music International), who will all work together with the various divisions of parent Vivendi Universal (VU) to handle the comprehensive co- ordination of Ms Carey across a variety of VU´s print, television, film and online marketing brands. "Mariah is an international treasure and when she became a free agent, all of us at Universal saw it as a onetime opportunity since artists of her caliber seldom become available" stated Morris. "Therefore, our approach will exemplify the kind of comprehensive effort we´re uniquely positioned to deliver thanks to the commitment of Jean-Marie Messier (Chairman, Vivendi Universal) to building VU into a world leader. Our approach moves above and beyond the concept of a standard marketing plan by seamlessly integrating a variety of elements that will allow us to be more efficient and effective in our outreach to fans. They will see Mariah in places and ways they´ve never seen before." "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," commented Cohen. "The hallmark of Island Records has always been to take the current model of bringing music to the fans, turning it on its head, and redefining it for a new generation. And thanks to the overwhelming support of Doug Morris, that´s exactly what we are going to do with Mariah by taking advantage of Vivendi Universal´s unparalleled brands and resources. This will literally be a company-wide effort at all levels." "The signing of a superstar like Mariah is a testament to Doug Morris´ vision for UMG," remarked Iovine. "Following the merger in ´98, Doug has successfully created the first global music company whose different divisions all operate with a level of cohesiveness that is unprecedented in the industry. We are all committed to supporting Lyor and ensuring that Mariah reaches her fullest potential in the marketplace." "Mariah is a global phenomenon and we are all excited about working with her," added Larsen. "Every international territory will be serviced extensively, and we expect to drive record sales with this full-on approach." Mariah Carey´s records will be released on her label, which is distributed by Island Records. Jerry Blair, who helped Mariah make history when she achieved her record-breaking 15 #1 singles and most consecutive weeks at #1, will head up the team at the label. States Blair, "Quite simply, Mariah is the greatest singer of our time. She is an incredible songwriter, producer and businesswoman. There is no one who has a closer relationship with her fans. The landscape has forever changed in the music business. This situation creates a new template, and is the guarantor of her legacy. It is a logical progression for Mariah to have her own company working in conjunction with the world´s biggest music entity. We will take advantage of every opportunity to connect with music fans around the globe, with every available facet of media." Carey, who is already in the process of recording her next album, stated: "I´m incredibly happy. It´s a tremendous and unprecedented opportunity to be working in tandem with Doug, Lyor and Jimmy, and to have the benefit of their powerful international forces led by Jorgen Larsen. They have collectively helped redefine pop music and I am excited to be part of their family." As the world´s best selling female performer of all time, Ms Carey rose to superstardom on the strength of her stunning five-octave voice, prolific songwriting ability and far-reaching, versatile talent which allowed her to move easily through many different styles of music, ranging from pop, R&B, dance and ballads. Her self-titled debut took the music industry by storm, launching no less than a whopping four #1 singles, including "Vision of Love." Her immediate and unprecedented success earned Grammy Awards for Best New Artist and Best Female Vocalist. Ms Carey went on record to Emotions and MTV Unplugged, which generated 2 #1 singles. Her third full length effort, Music Box, added two more singles to her record of chart-toppers, with "Dreamlover" and "Hero". She quickly returned to the studio to write and produce the holiday release Merry Christmas, scoring yet another smash with the seasonal hit, "All I Want For Christmas Is You". Her fifth record, Daydream, marked yet another milestone in the superstar´s burgeoning career, as her first single, "Fantasy", debuted at #1, making Ms Carey the first female singer and just the second performer ever to accomplish the feat. The follow-up single "One Sweet Day" - - a collaboration with Boyz II Men - - repeated the feat, and remained lodged at the top of the charts for a record-breaking 16 weeks. Continuing to build upon her reputation as one of the industry´s most prolific singer / songwriters, Ms Carey released Butterfly, another staggering success and her most personal album to date. This was followed by #1´s, a collection featuring her 13 previous chart-topping singles as well as "The Prince of Egypt (When You Believe)," a duet with Whitney Houston. With "Heartbreaker," the first single from her 1999 album Rainbow, Ms Carey became the first artist to top the charts in each year of the 1990s; the record also pushed her ahead of the Beatles as the artist with the most cumulative weeks spent atop Billboard Magazine´s coveted Hot 100 Singles chart. Ms Carey emerged into the next century with her 15th #1 single, "Thank God I Found You". *Thanks to Ashes for this info
Mariah Carey Gets Own Label in Deal
N E W Y O R K, May 8 — Mariah Carey, who received a $28 million buyout after delivering one flop album for Virgin Records, has signed a new deal with Island/Def Jam that includes her own label, it was announced Wednesday. The multi-platinum star has been without a label since January, when EMI, Virgin´s parent company, dropped her contract after her only disc for the label, "Glitter," was a poor seller. Since the split, several companies were reportedly bidding to sign the Grammy-winning singer, one of the most successful artists of all time, with hits such as "Vision of Love," "Hero," "Fantasy" and "Emotions." "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," said Lyor Cohen, president and CEO of Island/Def Jam. The company is home to stars such as Jay-Z, Willie Nelson, Ryan Adams, Ja Rule and Ashanti. It is part of Universal Music Group, which is owned by the conglomerate Vivendi Universal. Carey has already begun recording her new disc, said Jerry Blair, a former executive at Columbia Records who has worked with Carey since the inception of her career. "The record she´s working on is going to be a real wide-appeal record," Blair told The Associated Press. "There´s no artist who is as successful a global artist. There is no artist that has as wide range of commercial appeal." Blair declined to put a financial figure on the new deal. Carey´s spokeswoman said the singer would not be available to comment. Carey, 32, was an immediate commercial success when she made her self-titled debut for Columbia Records in 1990. The album went multi-platinum, as did all her other albums on the label, a division of Sony. However, Carey became disenchanted with Sony after her divorce from Sony Music President Tommy Mottola, who had guided her career as president of Columbia. She left Columbia last year and signed with Virgin in a much-hyped multi-album deal reported to be worth as much as $100 million. Her first disc, "Glitter," was to be the soundtrack of her film project of the same name, her first starring role. However, her career took a disastrous turn: After displaying erratic behavior in public, Carey was hospitalized for an emotional breakdown in August. She dropped out of the public eye, and both her disc and the movie were commercial failures. In January, EMI, Virgin´s parent company, paid $28 million to void her contract. Since she had received $21 million when she was signed, Carey got $49 million for delivering one album. Blair said Carey was in good spirits and "doing just incredibly well." He said she was not concerned that her recent troubles would hurt her career. She has a new film with Oscar-winner Mira Sorvino, titled "Wise Girls." The film debuted at the Sundance film festival, and will be shown in the fall on HBO, Blair said. He said Carey´s new label, as yet unnamed, would focus on her, but would eventually include other artists. Carey has also created a media company to handle publishing, film production and other projects. "Setting up this company for her is really guaranteeing her legacy," Blair said. Source: ABC news http://www.abcnews.go.com/wire/Entertainment/ap20020508_2094.html
N E W Y O R K, May 8 — Mariah Carey, who received a $28 million buyout after delivering one flop album for Virgin Records, has signed a new deal with Island/Def Jam that includes her own label, it was announced Wednesday. The multi-platinum star has been without a label since January, when EMI, Virgin´s parent company, dropped her contract after her only disc for the label, "Glitter," was a poor seller. Since the split, several companies were reportedly bidding to sign the Grammy-winning singer, one of the most successful artists of all time, with hits such as "Vision of Love," "Hero," "Fantasy" and "Emotions." "Despite offers from many of our competitors, we are delighted that Mariah has chosen Island as the place to begin the next phase of her unprecedented career," said Lyor Cohen, president and CEO of Island/Def Jam. The company is home to stars such as Jay-Z, Willie Nelson, Ryan Adams, Ja Rule and Ashanti. It is part of Universal Music Group, which is owned by the conglomerate Vivendi Universal. Carey has already begun recording her new disc, said Jerry Blair, a former executive at Columbia Records who has worked with Carey since the inception of her career. "The record she´s working on is going to be a real wide-appeal record," Blair told The Associated Press. "There´s no artist who is as successful a global artist. There is no artist that has as wide range of commercial appeal." Blair declined to put a financial figure on the new deal. Carey´s spokeswoman said the singer would not be available to comment. Carey, 32, was an immediate commercial success when she made her self-titled debut for Columbia Records in 1990. The album went multi-platinum, as did all her other albums on the label, a division of Sony. However, Carey became disenchanted with Sony after her divorce from Sony Music President Tommy Mottola, who had guided her career as president of Columbia. She left Columbia last year and signed with Virgin in a much-hyped multi-album deal reported to be worth as much as $100 million. Her first disc, "Glitter," was to be the soundtrack of her film project of the same name, her first starring role. However, her career took a disastrous turn: After displaying erratic behavior in public, Carey was hospitalized for an emotional breakdown in August. She dropped out of the public eye, and both her disc and the movie were commercial failures. In January, EMI, Virgin´s parent company, paid $28 million to void her contract. Since she had received $21 million when she was signed, Carey got $49 million for delivering one album. Blair said Carey was in good spirits and "doing just incredibly well." He said she was not concerned that her recent troubles would hurt her career. She has a new film with Oscar-winner Mira Sorvino, titled "Wise Girls." The film debuted at the Sundance film festival, and will be shown in the fall on HBO, Blair said. He said Carey´s new label, as yet unnamed, would focus on her, but would eventually include other artists. Carey has also created a media company to handle publishing, film production and other projects. "Setting up this company for her is really guaranteeing her legacy," Blair said. Source: ABC news http://www.abcnews.go.com/wire/Entertainment/ap20020508_2094.html
THEY CALL THE WOOED MARIAH
THEY CALL THE WOOED MARIAH The Much-Sought-After Diva Chooses Lyor Cohen, Island Def Jam May 8, 2002 We´ve just found out that Mariah Carey will be slipping on that little black dress for Lyor Cohen. After weeks of deliberation, the free-agent diva has decided to enter into a business marriage with Cohen’s Island Def Jam Music Group. Carey had reportedly narrowed the field to three suitors, as IDJ jockeyed for position with Clive Davis’ J Records and Sylvia Rhone’s Elektra, before choosing Cohen’s red-hot operation, which is the year-to-date label-marketshare frontrunner. While details of Carey’s arrangement with IDJ have yet to be announced, hitsdailydouble has learned that the singer will be given her own label under the IDJ banner. Carey recently returned to the studio to begin work on her first project since 2001’s disastrous Glitter. This project will presumably now be part of her IDJ deal. Some contend that the diva may have damaged her career beyond repair with her recent flops in music and film. But even though most agree some damage has been done, there are players who insist that, if Carey is willing to take input from Cohen and his crew, she still has a tremendous upside. That´s the big question—whether or not she´ll go back to accepting the kind of creative guidance she received during her Columbia years (as opposed to Virgin, where she called the shots). Ironically, Carey’s current in-demand status follows a horrendous turn at Virgin and her very public breakdown. All that Glitter barely turned to Gold, let alone Platinum, for EMI, so the marriage between the music giant´s Virgin label and the diva was annulled in January. At that time, EMI Recorded Music chief Alain Levy decided the risks weren´t worth the benefits of the record-breaking five-album, $120-million deal, which had been made in April 2001 by his predecessor, Ken Berry, along with his ex-wife, then Virgin chief Nancy Berry. Said deal called for a $23.5 million advance per album. Levy bought out the remainder of the pact for $28 million, and Carey was also able to hang onto the more than $21 million previously paid to her in advances, giving her a total of around $50 million after delivering just a single album. EMI´s total outlay had it not ended the arrangement could have reached upward of $150-200 million over the course of the five-album contract. Between $13-14 million was spent marketing Glitter, which to date has sold just 2 million globally and a hair over 500k in the U.S. The dumping of Carey came at a time when EMI bosses Levy and David Munns had been focused on the company´s worldwide operations, looking for ways to cut costs. At the time, EMI Corporate said the $50 million to Carey would be taken as a one-time charge for its fiscal year ending March 31. Carey went to EMI/Virgin from Sony Music/Columbia, where her records have cumulatively sold over 100 million units worldwide. Through her years at Sony, Carey had been a consistent top seller, with her best, 1995´s Daydream, topping out at 24 million units worldwide, while her last for the label, Rainbow, sold 6.8 million. http://www.hitsdailydouble.com/news/newsPage.cgi?news03441
THEY CALL THE WOOED MARIAH The Much-Sought-After Diva Chooses Lyor Cohen, Island Def Jam May 8, 2002 We´ve just found out that Mariah Carey will be slipping on that little black dress for Lyor Cohen. After weeks of deliberation, the free-agent diva has decided to enter into a business marriage with Cohen’s Island Def Jam Music Group. Carey had reportedly narrowed the field to three suitors, as IDJ jockeyed for position with Clive Davis’ J Records and Sylvia Rhone’s Elektra, before choosing Cohen’s red-hot operation, which is the year-to-date label-marketshare frontrunner. While details of Carey’s arrangement with IDJ have yet to be announced, hitsdailydouble has learned that the singer will be given her own label under the IDJ banner. Carey recently returned to the studio to begin work on her first project since 2001’s disastrous Glitter. This project will presumably now be part of her IDJ deal. Some contend that the diva may have damaged her career beyond repair with her recent flops in music and film. But even though most agree some damage has been done, there are players who insist that, if Carey is willing to take input from Cohen and his crew, she still has a tremendous upside. That´s the big question—whether or not she´ll go back to accepting the kind of creative guidance she received during her Columbia years (as opposed to Virgin, where she called the shots). Ironically, Carey’s current in-demand status follows a horrendous turn at Virgin and her very public breakdown. All that Glitter barely turned to Gold, let alone Platinum, for EMI, so the marriage between the music giant´s Virgin label and the diva was annulled in January. At that time, EMI Recorded Music chief Alain Levy decided the risks weren´t worth the benefits of the record-breaking five-album, $120-million deal, which had been made in April 2001 by his predecessor, Ken Berry, along with his ex-wife, then Virgin chief Nancy Berry. Said deal called for a $23.5 million advance per album. Levy bought out the remainder of the pact for $28 million, and Carey was also able to hang onto the more than $21 million previously paid to her in advances, giving her a total of around $50 million after delivering just a single album. EMI´s total outlay had it not ended the arrangement could have reached upward of $150-200 million over the course of the five-album contract. Between $13-14 million was spent marketing Glitter, which to date has sold just 2 million globally and a hair over 500k in the U.S. The dumping of Carey came at a time when EMI bosses Levy and David Munns had been focused on the company´s worldwide operations, looking for ways to cut costs. At the time, EMI Corporate said the $50 million to Carey would be taken as a one-time charge for its fiscal year ending March 31. Carey went to EMI/Virgin from Sony Music/Columbia, where her records have cumulatively sold over 100 million units worldwide. Through her years at Sony, Carey had been a consistent top seller, with her best, 1995´s Daydream, topping out at 24 million units worldwide, while her last for the label, Rainbow, sold 6.8 million. http://www.hitsdailydouble.com/news/newsPage.cgi?news03441
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