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.
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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