EMI: It’s all about the Benjamins

Turns out that EMI really sucks at being a record company that listens to their bands… or at least their former ones anyway.

Yeah, it must really blow being the former manager of one of the greatest bands in the world today… especially when that band doesn’t comply with the usual ‘profit motive’ expected of a group of their caliber.

So what’s an Ex-Record Label gotta do to make a buck in this town?… They put out a ‘Greatest Hits’ album of a band that isn’t on their label anymore, of course!!

According to Music News

EMI are to release a Radiohead Greatest Hits Albums to coincide with their forthcoming world tour. (April/May)

The band’s former record label are understood to be planning the compilation having already issued a box set following their departure from the company.

The move is seen as further evidence of bad blood between EMI and the band, after they gave new album “In Rainbows” away for free online in October.

Drummer Phil Selway said the band understood the move, commenting: “It’s well within their rights to do it. So we’ll have to see.”

“Well within their rights” hey? How is it that a Record Company comes to have rights anyway? Especially when you’re dealing with one of the most progressive bands of our era.

Sounds like extortion to me, though I guess technically it isn’t.

At least Radiohead has one thing to be happy about: They aren’t Britney Spears.

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2 Responses to “EMI: It’s all about the Benjamins”

  1. Oh EMI, what a bunch of wankers.

  2. EMI have the rights to these tracks, therefore they can release them . radiohead signed the deal giving these rights to emi,
    as for the profit motive…they did ask for 10million to resign and wouldnt accept the 3 million on the table.
    you should also remember , radiohead will earn considerable royalties form this greatet hits album.

    i think the discontent amoung emi artists is more like discontent from the managers, who wont get their 20% cut of huge advances, regardless of sales.

    if emi dont change, and for that matter if the industry doent change it will die. it would be wiser to see what guy hands does with emi. if it becomes sucessful the emi, and its artists will benifit.

    the above article is short sighted.

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