Jun 16, 2004 • 1 min read

Media speculate about Warner Maverick deal

US press reports differ on the financial terms of the Warner Music and Maverick agreement, with estimates of Madonna's payout around $10 million.

No official announcement on the financial bits of the Warner Music / Maverick Records agreement we reported on yesterday - but plenty of speculation in the American press.

The LA Times reckons Madonna and Ronnie Dashev - who will sell their stake in Maverick to the major as part of the deal - will make $10 million between them. They also reckon that Maverick's other partner - Guy Oseary - has also sold part of his stake in the business, giving Warner a 75% interest in the imprint.

The New York Times sets the sum of money to be paid to Madonna and Dashev as being "more than $10 million", though they dispute the claims Oseary, who will continue to run Maverick, has sold any of his stake. They reckon Madonna, Dashev and Oseary each had a 20% stake in the company, meaning that Warner Music, who already held a 40% share, will have an 80% stake without acquiring any of Oseary's shares.

Finally the New York Post reckons that Madonna alone will receive $10 million, with Dashev getting her own undisclosed pay out. Even so, they add, given the $200 million Maverick was looking to secure through their litigation against Warner, that's quite a come down!

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