Queen Plan to Leave EMI, Considering to Join Universal
Rockers Queen are planning to follow in Sir Paul McCartney's footsteps by quitting their longtime label EMI, according to a U.K. report. The Beatles legend parted ways with the faltering record giant in 2008, transferring all distribution rights of his post-Fab Four material to the Concord Music Group last month.
And the "Bohemian Rhapsody" hitmakers, who have been with EMI for almost 40 years and have sold an estimated 300 million albums through the company, are in talks with rival label Universal to sign a multi-million dollar deal when the band's contract with EMI expires at the end of year 2010, according to Britain's The Times.
A source tells the publication, "EMI just decided they couldn't compete. It was too much to pay and they want to spend that money on developing new talent." Since EMI was taken over by private equity firm Terra Firma in 2007 it has lost a host of talent from its books - The Rolling Stones, Supergrass and Radiohead have all left the label.
More Queen News
- Jealous Kim Kardashian Planning to Outshine Beyonce by Getting Pregnant Again
- Watch Lady GaGa's Emotional Tribute to Cancer-Stricken Friend During Coachella Performance
- Rob Kardashian's Not Ready to Give Up on His 'Unhealthy' Relationship With Blac Chyna
- New Photo of 'Once Upon a Time' Musical Episode Gives First Look at the Groom
- Mel B's Ex Stephen Belafonte Begs Her for Money
- Lucasfilm to Develop More 'Star Wars' Spin-Offs Soon
- Frank Ocean Releases Another New Catchy Song 'Lens'
- Kylie Jenner Forced to Leave Las Vegas Event by Anti-Fur Protestors