Live Nation Stock Plummets 30% Because Of Madonna

After Killing Warner Music Stock Madonna Is Devaluing Live Nation's

November 20. 2007

I've been watching this deal for a reason, as the numbers didn't add up in them offering her that amount under the circumstances, and I heard from a very reliable source that she allegedly used something else to help close out the deal - intellectual property she does not own - that she has been pilfering in violation of domestic and international law (and as sure as that witch can't sing, that international lawsuit is coming over those infringements).

Therefore, in light of my legal issues with her infringing my Copyrighted Catalog, it is of interest to me.

However, the deal's already turning sour and she hasn't even sung lip-synced the first note. Since the announcement one month ago of her signing to Live Nation their stock has fallen 30%, which is not good news for any company.    

First they said the deal was for $125 million, now they are saying it's for $100 million (which is still overvalued) and are refusing to release the specifics, due to a confidentiality agreement. If everything was above board they would release the details, especially to the shareholders and potential investors in the public, so clearly something isn't right.

Defending Madonna's $100 Million Deal

November 18 2007: 1:05 PM EST - Live Nation responds to critics who say the giant concert promoter paid way too much for the material girl, reports Fortune's Paul Sloan. Live Nation execs say investors haven't grasped what their $100 million deal with Madonna (above) is really about.

Ever since Live Nation, the giant concert promoter, announced a sweeping 10-year deal with Madonna to handle her albums, tours and merchandize, investors have worried that the company spent too much to lure the superstar away from Warner Music Group (Charts). The stock has fallen roughly 30 percent since the news came out last month.

On Thursday, CEO Michael Rapino and his top executives defended the deal before investors and analysts gathered at the Fillmore New York at Irving Plaza, one of Live Nation's venues.

Judging from the immediate reaction -- the stock closed down slightly Friday -- the Street isn't yet convinced.

The execs didn't offer up exact figures of the deal -- citing a confidentiality agreement with the material girl -- but people familiar with it estimate its value at roughly $100 million for Madonna. http://money.cnn.com