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Fast Money

Material Girl Shuns Label


Madonna is reportedly signing a deal with the publicly-traded concert promoter Live Nation Inc. (LYV). How will the Material Girl change the music biz and can you profit?

CNBC Media reporter Julia Boorstin joins the panel for this conversation. Following are excerpts from what was said.

The deal is valued at $120 million explains Boorstin. And at issue is whether Live Nation is paying too much.

Warner Music Group (WMG) is seeing its stock go up on this news because investors feel it would be better for the company to lose Madonna than pay her this much money, Boorstin adds.

Tomorrow's Trades #3

Pete Najarian doesn’t think there’s a way for investors to participate in this headline. The only one who benefits is Madonna.

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Trader disclosure: On Oct 11, 2007, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders Macke Owns (EMC), (HAS), (INTC), (JWN), (ATVI): Najarian Owns (GOOG); Najarian Owns (EMC) Call Options: Finerman's Firm And Finerman Own (ASD): Finerman's Firm Owns (DAI), (LTD), (MSFT), (NYX), (NMX), (TGT). (WMT), (GS), (COP): Finerman's Firm Owns S&P 500 Puts; Finerman's Firm Owns Russell 2000 Puts: GE Is The Parent Company Of CNBC