Quote:
Originally posted by Jennifer
Pretty sure Shakira's deal is a 360 so they're gonna take her tour profits.
Record contracts like the ones Whitney, Mariah, Janet, Micheal, etc signed back in the 90s/early 00s don't exist anymore. Labels can hardly make money off albums alone now.
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This is true, which is why they gave her so much money to start with. After that, she'd be receiving so little from her tours and music sales.
I bet if they were 360 deals from major artists the numbers could still get pretty high. Like Rihanna for instance, if she had to renew a contract (and she'd obviously do a 360) her pay upfront could be huge.