Gwyneth Paltrow’s music deal with Atlantic Records crumbles

Updated: May 24, 2011, 17:01 PM IST

New York: ‘Country Strong’ singer Gwyneth Paltrow`s talks for a deal of recording a country album with Atlantas have fallen apart.

"Atlantic bosses were very interested, and [Atlantic owner] Warner chief Lyor Cohen was very supportive,” the New York Post quoted a source as saying.

But then according to the source, the talks ceased and the deal fizzled out. According to rumors, Paltrow wanted 1 million dollars to sign, which was a ridiculous figure.

“Atlantic is still interested in signing her,” the source added.

It`s believed the Oscar winner was distracted by other opportunities in her busy career, including possible movie roles and her new cookbook.

"Atlantic was not the only company pursuing her, and she still has not decided if she wants to record an album," adding, it "is still something she is considering," said Paltrow’s representative.