It was announced that Dionne Warwick would no longer continue negotiations to re-sign her contract with her longtime label, Scepter Records today (May 15th), 1971.
While commenting on the situation, the President of Scepter, Florence Greenberg, said that the inordinate amount of money required to continue the business relationship between Scepter and Warwick was an unwise decision for the company, despite the long-standing personal relationship the two had.
Ms. Greenberg also added that while both the label and Warwick had shared a long and profitable relationship, she regretted that the business decision needed to be made for the best of the company.
