Madonna's Record Label Lays Off Staffers
While Madonna prepares to bring her “Drowned World Tour” to North America, her record label has reportedly jettisoned a half-dozen staffers. Daily Variety reported in its Friday edition that the president of Maverick Records had resigned while five other staffers were axed. The label, whose top acts include Canadian pop singer Alanis Morissette and hard rock band the Deftones, blamed deteriorating market conditions, the trade paper said. Label president Bill Bennett, who had been with Maverick for only two years, will not be replaced, Daily Variety said. It was not clear how many people are employed at Maverick. Madonna runs… Read more »
