EMI dumps Mariah Carey

Singer gets $28 million pay-off

LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract.

EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label.

Carey will also retain the $21 million she was paid last April when she first struck the contract, valued at $110 million.

Since then her first album “Glitter” flopped, and there have been wholesale management changes at both EMI and Virgin.

“Glitter” sold just two million copies worldwide, compared to 20 million for Carey’s 1993 disk “Music Box.”

“This is the right decision for me,” Carey said in a statement. “I look forward to the many new and exciting opportunities which have now been presented to me. I wish Virgin well.”

Alain Levy, the new chairman and CEO of EMI Recorded Music, commented, “We have decided that this is the most prudent course of action for EMI. We wish Mariah the best.”

More Music

  • Kenny ChesneyNBC 'Today Show' Toyota Concert

    Kenny Chesney Signs With Warner Nashville

    LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract. EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label. Carey will also retain the $21 million she was paid […]

  • Justin Timberlake Slammed for Holding Listening

    Justin Timberlake Slammed for Holding Listening Party at Prince’s Paisley Park Studios

    LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract. EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label. Carey will also retain the $21 million she was paid […]

  • 2016 Billboard Music Awards Winners List

    Billboard Music Awards to Air Live Coast-to-Coast on NBC

    LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract. EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label. Carey will also retain the $21 million she was paid […]

  • Prince Dead Obit

    Prince Tribute Concert, Featuring Unreleased Material, Set for April 21

    LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract. EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label. Carey will also retain the $21 million she was paid […]

  • Pete Ganbarg

    Atlantic Records Names Pete Ganbarg President of A&R

    LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract. EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label. Carey will also retain the $21 million she was paid […]

  • Jack White

    Jack White Announces 2018 Tour Dates

    LONDON — EMI Group has agreed to pay Mariah Carey $28 million to terminate her recording contract. EMI put out a statement Wednesday to the London Stock Exchange, ending months of speculation about the future of Carey’s five-album deal with its Virgin Records America label. Carey will also retain the $21 million she was paid […]

More From Our Brands

Access exclusive content