Madonna, the 49-year-old singer, has left Warner Music Group in favor of entering into a global partnership with Live Nation, worth a reported $120 million over 10 years. Madonna will become the founding artist in the company's Artist Nation division, formed to provide entertainers with a direct connection to their fan bases and a way to manage their diverse rights. The deal encompasses all of Madonna's future musical endeavors, including studio albums, touring, television and film projects, fan club, Website and merchandising.

Before cutting ties with her longtime label, Madonna still owes Warner another studio album and a greatest-hits collection.

Source: Yahoo News