June 30, 2016  

Queen Plan to Leave EMI, Considering to Join Universal

May 11, 2010 (9:47 am) GMT
When their contract in EMI is expired at the end of this year, Queen are going to have conversation with Universal to sign a multi-million dollar deal.

Rockers are planning to follow in Sir 's footsteps by quitting their longtime label EMI, according to a U.K. report. 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 - , Supergrass and have all left the label.

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