Record label EMI is buying out Mariah Carey's $80 million four-album contract for $28 million. Now the two sides are fighting over who dumped whom. Sheesh. Y'know, I remember the old days when people took their millions and shut up about it.
By the way, Carey recorded exactly one album, "Glitter", for EMI. It sold about 500,000 copies, which is to say it was a massive failure. Adding the $28 million buyout to the $21 million Carey had already been paid, this venture cost EMI $98 per copy sold, and that's before marketing and the cost of Carey's flopola of a film, also called "Glitter". In case you were wondering why CDs cost so damn much.Posted by Charles Kuffner on January 24, 2002 to Music | TrackBack