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EMI denies paying to dump Mariah Carey
EMI Group Plc. on Monday threw cold water on reports that it had agreed to pay pop diva Mariah Carey a lump sum to end her multimillion-dollar recording contract after her latest album, “Glitter,” flopped. Recent reports suggested EMI had agreed to pay Carey off with as much as $50 million, just eight months after its Virgin label signed the star in one of the most expensive recording deals ever only to see “Glitter” sell a mere 2 million copies. “EMI wishes to make clear that it has made no such payment or agreement,” EMI said in a brief statement… Read more »