Mariah: All That Glitters Is Not Gold

 

08 January 2002

EMI Music have denied reports that they cashed in their un-used chips and paid out Mariah Carey's current recording contract after her most recent album, 'Glitter', did anything but.

Recent reports suggested EMI had agreed to pay Carey off with much as $50 million after its Virgin label signed the star in one of the most expensive recording deals ever, only to see her 'Glitter' sell a mere 2 million copies.

'EMI wishes to make clear that it has made no such payment or agreement,' EMI said in a statement.

EMI whose stable also includes greats like Robbie Williams and Kylie Minogue were bagged for signing Carey for a believed deal of around 150 million dollars (Australian) for a four album deal. Many considered Carey to already be past her prime, then her current breakdown and subsequent visit to the mad house didn't help either.At the time, EMI justified the deal as building much-needed U.S. market share with the best-selling female singer of the last decade, who has sold more than 120 million albums.

'Glitter' was delayed after Carey suffered a breakdown last year and was then released on Sept. 11. Ill health also prevented Carey from promoting the album, resulting in a huge loss for EMI. Carey's previous albums such as Music Box have sold as many as 20 million copies.


Share

Comments (0)

Post Your Own Comment

Login to post comments!

Please login or sign-up for free!

Most Popular News Stories

Take 40 Australia on Facebook

Take 40 Loves

Telstra Thanks is giving loyal customers the opportunity to meet John & Olivia. You could win a backstage tour and meet the stars! Head to Telstra.com/music for details.
Find out more
Poke, Like or give us a thumbs up on Facebook and get all the latest music news!
Like us
Written, directed by, and starring Chris Rock. TOP FIVE is an original and radically new kind of film.
Check out the Trailer!
Follow Take 40 on Twitter today and receive the latest music, celebrity and entertainment news on your feed!
Follow us
Switch to $30 Telstra Pre-Paid Freedom and get 1.3GB plus 3 months bonus Presto subscription.
Find out more