Rock stars Oasis have worked out an exclusive deal with Sony BMG (read more about the Sony BMG fiasco) to produce three more albums. Any new LP’s will be released in partnership with their own label Big Brother Recordings – meaning the two record firms will share the profits from the album sales. Artists are usually signed to just one company, so this is will be a nice boost of profits for the successful British band. Oasis also worked out a deal to own exclusive rights over their existing catalog, which is still quite profitable.
Oasis’ management are pleased with the workings of the new contract – branding it “imaginative and exciting”.
A representative says: “This allows the band to take advantage of all the opportunities presented by the new business models available today as well as remaining totally in control of their own destiny.”
Ged Doherty, Sony BMG UK chairman and CEO is equally ecstatic about the signing: “Oasis are in complete control of their destiny and could have chosen to sign with anyone – or even go it alone – so I am delighted that they have chosen to continue to work with us.”
The first of the three studio albums is expected to be released in September – their first LP since 2005’s Don’t Believe The Truth.
Courtesy Ireland Online.
