Britney Spears is now the new ringleader of Las Vegas. The pop star has inked a new residency deal and has become the highest paid performer in Vegas topping Celine Dion.
According to the Daily Mail, Spears’ new residency contract will have her raking in $507,000 per show. Dion was the former highest paid performer making $476,000 a show.
Spears new deal that she just inked is to perform at the Park Theater at the Monte Carlo resort, which is owned by MGM. Previously Spears’ was performing at the AXIS auditorium at Planet Hollywood.
She teased her big payday on the Ellen DeGeneres Show saying she has a “big announcement” coming soon.
Spears’ $507,000 payday is the largest in a long time for a Las Vegas performer. Her team worked on this deal for six months making sure Spears got every penny she deserves.
During her Piece Of Me residency at Planet Hollywood, Spears was making $400,000 a show. But her profit margins for shows were so large that her team believed she deserved a raise, a $107,000 raise. In 2017 her Piece Of Me residency grossed $38.9 million for the year making her the second highest-grossing female show that year. During her four year run, she grossed a total of $137,695,392 with 916,184 tickets sold over the span of 248 shows.
The Piece Of Me residency ran for four years. Her move to MGM puts her in good company. The company also backs Cher, Aerosmith and Rick Martin’s residencies.
Her big payday comes on the 20th anniversary of her debut album. It’s really come full circle for the singer.
“Britney is becoming the highest paid resident on the Strip. It is a huge deal and will be great news for her fans,” a VEgas source told Daily Mail. “This month is the 20th anniversary of her debut release and it feels like the best time to make this announcement. She loves performing in Vegas, being able to please her fans and juggle her family life with her boys. This deal has been many months in the making.”
Her new residency means Spears will be putting on a brand new show. “She is committed to making this bigger and better than her last run,” the source added.
Spears’ contract begins in 2019 but her residency probably won’t star until springtime.