15 April 2002
According to a US website, Mariah Carey has sparked a bidding war between some of the world's biggest music labels.
The singer, who was paid nearly $30 million to walk away from her contract at EMI last year, is said to be in talks with Vivendi Universal's label Island Def Jam, J Records and AOL Time Warner's Elektra Entertainment Group.
Mariah, one of the most successful pop artists of all time, was dropped from EMI after her last album 'Glitter' failed to match the success of earlier efforts.
A spokeswoman for Carey confirmed: "There are three of four big labels aggressively pursuing her. Mariah's a smart business woman and is taking her time before she makes any decisions".
Reports claim that Universal Music chairman and CEO, Doug Morris, has said: "We are trying to sign her.
"I'm not sure who'll get it, but we have a very good chance", he said of the competition.
It's widely thought than an eventual contract with Carey will be worth significantly less than the estimated $60 million EMI originally signed her for.