Viva Madonna: $1 Billion For Vegas Residency?
It’s worked for [lastfm]Carlos Santana[/lastfm]. It’s worked for Penn and Teller. It’s worked for [lastfm]Elton John[/lastfm], [lastfm]Cher[/lastfm] and [lastfm]Celine Dion[/lastfm].
Could [lastfm]Madonna[/lastfm] be on her way to Las Vegas for a long-term residency?
According to sources, [lastfm]Madonna[/lastfm] is in talks about establishing a residency show in Las Vegas with an unnamed resort that could bring in $1 billion for the Material Girl over the course of five years.
This would immediately make her the third-highest paid female entertainer in the world, behind Martha Stewart and Oprah Winfrey.
One of the big questions would be whether [lastfm]Madonna[/lastfm] would be allowed to make the deal, as it might conflict with a 10-year, $120 million deal she signed with Live Nation in 2007.
While many of the artists who set up shop in Vegas appeal to an older demographic, it wouldn’t be unheard of for someone with a younger following to head there. [lastfm]Prince[/lastfm], for instance, reaches across age lines, and he had a successful residency at the Rio.
[lastfm]Madonna[/lastfm] is also no stranger to Vegas, performing at the MGM Grand in 2008:
Would you drive to Sin City to see [lastfm]Madonna[/lastfm]?