Madonna is $120 Million Richer

Madonna and a longtime friend were spotted after their workout at a Midtown Gym club on Thursday morning. Perhaps she’s flexing those muscles for when she has to carry a sack full of money some time soon.

The Queen of Pop will reportedly leave her record label Warner Music to sign a $120 million recording and touring deal with Live Nation Inc. Under the terms of the proposed deal, Madonna would receive a signing bonus of $18 million and $17 million advance for each of three albums.

Madonna has been with Warner Music since her 1983 self-titled debut album. We have to wonder what went wrong for them to part ways.

Kelly Clarkson Hard at Work

Kelly Clarkson is still hard at work promoting her flop of an album ‘My December’. She recently released a new music video for one of the singles on the album. The video is for ‘Don’t Waste Your Time’.

Also, Kelly performed onstage at the Andre Agassi Charitable Foundation’s 12th Annual Grand Slam for Children (what a mouthful!) at the MGM Grand Garden Arena in Las Vegas, Nevada on Saturday.

The foundation was created to provide recreational and educational opportunities for at-risk children in Southern Nevada. They were able to raise more than $8.1 million.

Not to take away from the foundation’s success or anything, but I’m sure they would have gotten more had the performer been someone better than Kelly or if was Kelly before ‘My December’