Bloodthirsty for the money like a bull
Looking in the eyes of the matador
Bulls have a reputation for be being bloodthirsty, and matadors are bull fighters. He wants the record deal very badly, like a bull wants very badly to attack the matador that it is fighting.
The matador could be the record label, teasing him with the cape (a good record deal) only to pull it from his grasp at the last second.
Could also be a reference to indie record label Matador Records who are known for their artists creative freedom.
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