Jennifer Lopez's $90 million deal for a 90-date Las Vegas residency is allegedly in trouble as the star's new This Is Me...Now album and tour continue to underperform, RadarOnline.com has learned.
MGM reportedly put in a $1 million per show offer after a bidding war against Resorts World and Anschutz Entertainment Group (AEG) drove the price up from $800,000, but J Lo's poor ticket sales have led to the cancellation of seven tour dates this summer.
"MGM is watching her not doing well on the road. They are very nervous," one source told The New York Post. "It's pretty rare you have a poor tour and then go to Vegas."
If a Vegas residency does happen, the insider said it would likely be for fewer shows and come with a significant price cut, fetching closer to $650,000. Another source clarified that despite the ongoing negotiations with MGM, no deal was ever actually signed.
J Lo has been a big draw for Las Vegas casinos. Caesars Palace paid her a guaranteed $500,000 per show for a Planet Hollywood residency that ran for 120 shows between 2016 and 2018 and grossed $101.9 million, according to Billboard, making it the sixth biggest Las Vegas residency of all time.
The $1 million a show deal, which was reportedly already in the works before Lopez dropped her new album, would've been in the same ballpark as MGM's recently signed deals with Bruno Mars and Lady Gaga, and Adele recently earned a record-breaking $2 million a show at Caesars Palace.
However, an insider familiar with the situation tells us the Vegas residency hadn't been talked about until recently and she cannot fully commit until she works out her filming schedule.
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Unfortunately, the knocks keep coming for Lopez. This Is Me...Now was a flop, earning the pop diva the worst sales numbers of her career. She's struggling to fill arena seats on her first tour in five years, which will conclude on August 17 at NYC's Madison Square Garden. And to top it all off, her marriage to Ben Affleck is reportedly on the rocks.
Although the Hollywood power couple has yet to confirm the swirling divorce rumors, sources have claimed that Lopez and Affleck are no longer living under the same roof and have been spotted house-hunting separately.
If they do split, it wouldn't be the first time. Bennifer first dated in the early 2000s and even got engaged before calling off the wedding. They rekindled their romance nearly two decades later, tying the knot in a surprise Vegas wedding followed by a more traditional ceremony in the summer of 2022.