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Madonna and Live Nation Inc. announced a deal that would give Live Nation a stake in Madonna’s albums, tours, merchandising, films and other music related projects. In the joint press release from Madonna and Live Nation, the financial terms were not disclosed. In the statement, Madonna says she was drawn to Live Nation’s deal because of all the changes the music industry has undergone in recent years.

Madonna still owes Warner Bros. one more studio album and a greatest hits album.