03 January 2002
After widespread media speculation, and as reported in take40.com, troubled diva Mariah Carey is set to leave Virgin Records in a deal that will net the star $100 million in compensation. According to the New York Post, lawyers acting for Carey have secured the deal which will make her a free agent following just nine months of work for her new label.
Virgin's five-album $170 million deal broke all previous records last year after her bitter split with Sony records but her latest album 'Glitter' failed to meet sales expectations and the film of the same name was a box office disaster. According to the Post, Carey's US spokeswoman was unable to elaborate further on the developments.