Thursday, 30 October 2014

Beyoncé & Justin Timberlake have one album left on their contracts...

Columbia’s Beyoncé and RCA’s Justin Timberlake (alongside Taylor Swift) are two of three mega sellers who only have one album left on their recording contracts. 

It is yet to be seen if those artists will renew or resign elsewhere (though I can actually see Bey leaving Columbia at some point). Expectantly, bidding for them would be fiercely competitive.

Their next deals will reportedly offer a lower financial reward than their current ones because mega bucks deals are no longer lucrative in today's lukewarm economical climate. Major acts were pocketing deals in the $15-20m range, but now that has been lowered to $10m tops. Regardless, that amount is still not to be frowned on whatsoever.