At a time when much of the recording industry is feeling the nation's economic squeezea few companies report sales down as much as 30%Motown Record Corp., the black pop-music giant, has given Megastar Stevie Wonder, 25, a new contract for a guaranteed minimum of $13 million. If the singer-songwriter delivers more than the single annual LP required by the seven-year agreement, he can earn up to $24 million. The largest parcel handed out yet by a record company, Wonder's contract is worth as much as the Elton John ($8 million) and Neil Diamond...
To continue reading:
or
Log-In
