I know Perez Hilton isnt the source of all things reliable, but he just posted this little bit of interesting information:
And it’s almost unheard of!
Kings of Leon have left Columbia Records for Warner Brothers where they will be paying to record their own albums!
The band will pay half the recording costs from their own pocket and in return have more control and get a bigger share in the profits.
“Kings of Leon are one of the few bands on the planet who have enough heft to negotiate such a favourable deal,” said a source. “It is virtually unheard of but it shows how keen Warner Brothers were to have them on their books.”
Normally, artists are given an advance from the label, which they have to pay back along with profit sharing.
Good for you, KOL!
Posted: January 23, 2010 at 10:40 am
Which is quite interesting.
Is this how artists will have more control over their work (and hopefully still pushing boundries without the labels intervening in a bad way?) giving the artist more freedom without fearing the album wont sell. Also leaves more responsibility with the artists instead of the labels. Really they’re only needed for distribution and publicity needs and thats really about it.
Reminds a wee bit of Becks deal with DGC/Geffen and how hes allowed to make a record with any label and they have to release it. But that was back in the days of Grunge and main-streaming of the US indie scene. Deals like that were thought to be no more. For that brief period from about 1991-1994 artists (well at least the ones that were filed under ‘Grunge’) had lot more freedom and less restrictions with what they could and couldnt do. After all being signed to Columbia or DGC wasnt most bands first label, just one that could get the CD/LP out on time.
There was a point to this post and ive seem to have lost it.