Friday, January 30, 2015

MARIAH CAREY CLOSER TO SIGNING NEW DEAL W/ EPIC RECORDS


The internet has been buzzing ever since news hit that Mariah Carey would possibly be inking a new deal with Sony's Epic Records. The chart-topping singers journey as a successful singer started back in the 90's with the label who is mostly responsible for her success in the industry. Many people think that this new deal would help bring Carey's music back to full force status since over the last few years her career has been lack luster especially her album sales.

According to a very notable source Mariah has finally gone into negotiations with Epic & is drawing nearer to finalizing a brand new deal. 

Get all the details below.


Billboard has provided some fresh new details on the on the deal & what can be expected if she actually become apart of the label for a second time around.

"Just months shy of the 10-year anniversary of The Emancipation of Mimi, Mariah Carey and Antonio “L.A.” Reid are prepping another kind of comeback. According to multiple sources, the 45-year-old singer is returning to Sony Music through Epic Records, where Reid has served as chairman since 2011.
A nearly finalized multi-album deal would see Carey’s first new material through the label since 1999’s Rainbow, beginning with a greatest-hits set to coincide with her upcoming residency at The Colosseum at Caesars Palace in Las Vegas. (An Epic representative declined to comment.)

Although Carey left Sony on tumultuous terms — she signed a four-album, $80 million deal with EMI’s Virgin Records in 2000, eager to distance herself from ex-husband and former Sony Music head Tommy Mottola — there are plenty of reasons why rejoining makes sense now. Doug Morris, current chairman/CEO of Sony Music, brought Carey to Island Def Jam in 2003 when he was running Universal Music Group. Reid, then head of Island Def Jam, oversaw her Mimi-powered 2005 comeback. Joey Arbagey, a collaborator of Carey’s during the making of the six-times platinum Mimi, is now executive vp A&R at Epic. And of course there is her massive Sony catalog: Carey’s seven studio releases, a live EP and four hits packages have sold a combined 43.9 million albums, according to Nielsen Music, including the septuple-platinum Music Box and Daydream. Her output for UMG, which spanned six albums, has sold just 9.7 million by comparison.

According to an insider privy to terms of Carey’s new contract, her recent turmoil, which includes a pending divorce from husband of six years Nick Cannon, scared away most other suitors. “Sony’s was the only deal on the table, and it came in far lower than she expected.” How low? Carey “was asking for a $3 million advance; she didn’t get it.” (Carey is represented by attorney Donald Passman, who didn’t return Billboard’s request for comment.)"


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