Three months after the release of Mariah Carey‘s album Glitter, British music giant EMI Group is cutting the singer loose.
Carey‘s lawyers have agreed on a $50 million deal for her to quit the EMI-owned label Virgin Records, the New York Post reports.
Ending the contract means the singer will be paid for just nine months of work with the label.
In April, EMI signed a multimillion-dollar contract with Carey. The label was to give the singer a $20 million advance per album, a $6 million music video production fund and about $1.5 million to promote four singles.
EMI spent more than $10 million to market and promote Glitter, but to date the album has only sold 2 million copies domestically and overseas. By comparison, Carey‘s 1993 album Music Box, released by Sony, sold more than 20 million copies worldwide.
Carey was unable to do much of the advance promotion for her album and the film Glitter after she suffered a nervous breakdown in July.
Carey reportedly toasted the news while eating at the St. Regis hotel in Aspen.
Cindi Berger, the singer’s spokesperson, did not comment on the deal. She told the New York Post, “I don’t know. I have not been able to reach Mariah’s attorneys.”
