Las Vegas Residency Deal in Limbo for Jennifer Lopez
In a surprising turn of events, Jennifer Lopez’s rumored $90 million Las Vegas residency deal seems to be on shaky ground, according to insiders.
The multi-talented entertainer, recently in the news for her marriage to Ben Affleck, was reportedly in final negotiations with MGM Grand for a lucrative residency with a staggering payout of $1 million per show for 90 dates starting next year.
However, the casino executives are growing increasingly wary due to the underwhelming performance of Lopez’s latest album, “This is Me…Now,” and her upcoming concert tour.
Lopez’s Latest Album and Tour Struggles
Sources reveal that “This is Me…Now” is the lowest-selling album of Lopez’s career. Ticket sales for her first tour in five years have also been disappointing, forcing the cancellation of several shows this summer.
MGM, closely monitoring the tour’s struggles, is now hesitant about committing to such a significant financial investment.
“MGM is clearly worried,” a source told The Post. “It’s uncommon for an artist to have a struggling tour and then land a Vegas residency.”
Residency Deal Restructured?
Instead of the initially discussed $90 million, Lopez might now be looking at a considerably reduced residency contract. Industry insiders suggest a more realistic figure in the range of $600,000 to $650,000 per show for a shorter engagement.
This shift in MGM’s stance highlights the ever-changing nature of the entertainment industry and the importance of maintaining commercial success.
Jennifer Lopez, whose past Las Vegas residency at Caesars Palace was a triumph, now faces the challenge of reviving her star power to secure the lucrative deal that was once on the table.
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