University Daily Kansan / Tuesday, April 21, 1992
5
Madonna materializes deal to form multi-media group
The Associated Press
NEW YORK — Madonna is teaming up with Time Warner Inc. reportedly in one of the most lucrative deals ever negotiated by a pop star — a seven-year contract worth perhaps $60 million to the Material Girl.
The communications giant confirmed yesterday that it had signed a contract with the 33-year-old pop icon to form Mavick, a multimedia entertainment company to be run by the singer-acress and her manager, Fredv DeMann.
Time Warner did not disclose the terms of the long-rumored deal, but The New York Times and the Los Angeles Times have reported it would advance Madonna $4 million to $60 million for the fledgling enterprise.
That is unprecedented for a female pop entertainer and comparable to a $50 million-plus agreement Michael Jackson was reported to have negotiated last year with Sony Corp. The contract covers seven years with an option to extend to 11 years.
According to the newspaper reports, the deal includes a renegotiated recording contract giving Madonna a $5 million advance for each of her next seven albums and a 20 percent royalty rate.
Madonna said that her new companywouldbe an artisticthink tank
"It started as a desire to have more control," she said. "There's a group of writers, photographers, directors and editors that I've met along the way in my career who I want to take with me wherever I go."
The Associated Press
LONDON — Wembley Stadium thundered with heavy metal and cheers of 72,000 rock fans yesterday at a charity concert to honor Queen singer Freddie Mercury, who died last year of AIDS.
The lead singer of the group Queen, Mercury died in November at age 45. Organizers hope the 3 1/2-hour show, which is being televised in 70 countries, will raise hundreds of thousands of dollars for AIDS charities.
Nearly a hundred performers, including Elton John, David Bowie, George Michael and other top pop stars from around the world, gathered for a tribute to Mercury.
Queen guitarist Brian May took the stage with fellow Queen members Taylor and John Deacon, and saxist Steve Garnett him the biggest sendoff in history!
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UMKC PUTS THE CHOOL BACK IN SUMMER SCHOOL
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facular indoor-outdoor pool? Or stroll down to the Plaza or the Nelson and just hang out. At UMKC we try to take the sweat out of summer school and put the chool back in.
Want to cool off between classes? Why not study poolside at our spectacular indoor outdoor pool? Custard down to.
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