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Whitney a $100 Million Woman

Houston scores biggest recording contract in history

August 3, 2001 12:00 AM ET

Whitney Houston inked a new deal with Arista Records, the label she began her career with eighteen years ago, valued in excess of $100 million. The new recording contract has Houston signed on for six more albums and two greatest hits compilations. President and CEO of Arista, Antonio "L.A." Reid will produce Houston's next album.

The deal is the biggest in the history of the music industry, surpassing Mariah Careys recent Virgin Records contract by more than 20 million. Houston is one of the biggest-selling recording artists of all time, moving more than 140 million albums, videos and singles during her career.

"Arista Records has been my home since the beginning of my career," Houston said. "I am happy to be continuing the relationship and I look forward to working with L.A. Reid and the new Arista Family."

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Song Stories

“Money For Nothing”

Dire Straits | 1984

Mark Knopfler wrote this song with Sting, and it wasn’t without controversy. The Dire Straits frontman's original lyric used the word “faggot” to describe a singer who got their “money for nothing and their chicks for free.” Even though the slur was edited out in many versions, the band, and Knopfler, still took plenty of criticism for the term. “I got an objection from the editor of a gay newspaper in London--he actually said it was below the belt,” Knopfler told Rolling Stone. Still, "Money For Nothing," undoubtedly augmented by its innovative early computer-animated video, stayed at Number One for three weeks.

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