Linkin Park Demands Release From Warners Music

[DudeAsInCool]

The new owners of the Warner Music Group will be reaping a windfall of $1.4 billion from their $2.6 billion purchase a mere 18 months ago if their planned IPO moves forward. Linkin Park, their biggest act, will get nothing.

Meanwhile, of the planned $750 million raised by an IPO, only about $7 million will be put toward the company's own operations, with no money going to WMG artists. Additionally, WMG has already seen a widespread reduction of its work force and substantial cuts in marketing and promotion expenditures. Linkin Park has become increasingly concerned that WMG’s diminished resources will leave it unable to compete in today's global music marketplace, resulting in a failure to live up to WMG's fiduciary responsibility to market and promote Linkin Park.

Read the rest...

[bmc]

good luck to my favorite band! you dont need the big wig record label anyway.

[KiwiCoromandel]

Linkin Park seeks release from Warner contract

NEW YORK: Rap metal band Linkin Park has demanded to be released from its contract with Warners before a remaining four-album commitment ends, saying the label wasn't marketing its music effectively.

Linkin Park said in a statement it "wants off" the label and is "weighing all of their options on how to best get new music to their fans."

more here.......

http://stuff.co.nz/stuff/0,2106,3267737a4500,00.html

[DudeAsInCool]

More Linkin Park Says 'Up Yours' to WB:

http://www.nytimes.com/2005/05/09/arts/mus...nkin.html?8hpib