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April 12, 2002

They Call The Wind Mariah

From Business 2.0’s 101 Dumbest Moments in Business:

95. Having lured Mariah Carey with a $21 million signing bonus and an $80 million, five-album recording contract, EMI decides, after only one album, to pay her $28 million to go away. The net result: EMI pays $49 million for the soundtrack to Glitter.

Yeah, and it’s MP3 piracy that’s bringing the music industry down. Right.

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