Jennifer Lopez deal for $1M-per-show Las Vegas residency in jeopardy as new album, concert tour flop: source
nypost.coma report from The Mirror on Feb. 2 that MGM had teamed up with Live Nation to offer more than $800,000 a show. Rival casino Resorts World upped the bidding to $875,000 per show in partnership with Anschutz Entertainment Group (AEG) soon after, sources said.MGM and Live Nation then swooped in with the $1 million-a-show offer for the “Let’s Get Loud” singer — but buyer’s remorse has lately set in, the first source said.“MGM is watching her not doing well on the road.
They are very nervous,” the person said. “It’s pretty rare you have a poor tour and then go to Vegas.”Now, the Bronx-born star could be looking at a significant haircut to the $90 million windfall.
A Lopez residencyshould fetch just $600,000 to $650,000 and be for fewer shows, the source said.Another source with knowledge of the MGM talks said no deal was ever signed, but discussions have continued.Reps for Lopez and MGM did not comment.The latest album was the worst selling of Lopez’s career and a companion film on Amazon Prime Video was panned.
Ticket sales for the concert, which kicks off next month, are poor and her love affair with Affleck is apparently on the rocks.
Read more on nypost.com