Rolling Stone Article
Mariah Strikes New Deal Carey signs contract with Island/Def Jam Mariah Carey has signed a contract with Universal Music Group label Island/Def Jam, which will distribute Carey´s future albums produced under her own, as-yet-unnamed label. The deal is reported to be for a minimum of three albums and worth $20 million. Carey, who has sold more than 140 million albums and singles worldwide, has been without a label since January when Virgin Records bought back the singer´s $80 million dollar contract. It cost the label $28 million to buy Carey out after the soundtrack to her debut film Glitter failed to live up to Carey´s previous blockbuster releases. "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." CHRISTINA SARACENO (May 9, 2002) Source:Rolling Stone http://www.rollingstone.com/news/newsarticle.asp?nid=15908&cf=965
Mariah Strikes New Deal Carey signs contract with Island/Def Jam Mariah Carey has signed a contract with Universal Music Group label Island/Def Jam, which will distribute Carey´s future albums produced under her own, as-yet-unnamed label. The deal is reported to be for a minimum of three albums and worth $20 million. Carey, who has sold more than 140 million albums and singles worldwide, has been without a label since January when Virgin Records bought back the singer´s $80 million dollar contract. It cost the label $28 million to buy Carey out after the soundtrack to her debut film Glitter failed to live up to Carey´s previous blockbuster releases. "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." CHRISTINA SARACENO (May 9, 2002) Source:Rolling Stone http://www.rollingstone.com/news/newsarticle.asp?nid=15908&cf=965