EMI dumps Mariah Carey with $28 million pay-off
Pop diva Mariah Carey was axed by record company EMI on Wednesday with a $28 million pay-off, as the British music group decided it could not justify her huge contract after a dismal year for the company. EMI severed its ties with the Grammy-winning American vocalist after signing her to its Virgin Records label only last year in one of the most expensive recording contracts ever. Carey’s first album for Virgin, “Glitter,” fell well short of her previous hits, selling just two million copies worldwide. EMI’s shares fell 0.72 percent to 344 pence in early trade in London, as the… Read more »
