This has been in the world wide web for a while. I am not trying to publish a me-too or publishing this for linkjuices. But since i am a big fan for ownership of a Master Recording for songwriters, surely this is too good to miss.
EMI, which has now owned by private equity firm Terra Firma, spoke to media via their spokeperson:
Radiohead were demanding an extraordinary amount of money and we did
not believe that our other artists should have to subsidize their gains.
While Radiohead’s charismatic front man, Thom Yorke responded greatly:
We did not ask for a load of cash from … EMI to re-sign. That is a lie.
Moreover he said:
What we wanted was some control over our work and how it was used in
the future by them. That seemed reasonable to us, and we cared about it
a great deal. They were not interested. So, neither
My two cents:
1. It is ok not to deal about advance fee/royalty between Artists & Labels. That is their problem.
2. From Artists/Song Writers point of view, i agree that the ownership of the Master Recording is super important. You don’t know what will happen in the future. Giving up this thing to record labels is surely overwhelming.