Okay so people who know me one little bit know that I LOOOOOVE Mariah Carey, so I nearly dropped dead when i read this article. I feel so bad for her
MARIAH CAREY DROPPED FROM HER LABEL
Mariah Carey awoke this morning to find herself dropped from her label, although she landed on one hell of a cushion.
The EMI Group, which owns Carey's now ex-label Virgin Records, announced Wednesday (January 23) that it was dropping the pop diva from its roster, according to the Associated Press. As severance, the media conglomerate paid Carey $28 million.
Carey signed to a four-album deal with Virgin Records last year, which was estimated to be worth $81.6 million.
The news comes on the heels of much industry speculation that the singer would be axed from the label, since her first Virgin album, Glitter, is considered to be one of the biggest commercial disappointments in recent years. The LP has sold just over 500,000 copies since its release September 11, according to SoundScan — a paltry figure compared to some of Carey's previous albums for former label Columbia. By comparison, 1999's Rainbow sold more than 2.9 million copies, 1997's Butterfly sold more than 3.6 million and 1995's Daydream sold nearly 7.5 million.
Carey experienced a nervous breakdown last summer and was forced to curb some of the planned promotion for the album, which may have contributed to the LP's poor retail showing
MTVNews.com