They’ve got a gazillion fans and have already made enough money - why wouldn’t they break away from a record company?
U2 Station News: “I told you earlier this week that the Rolling Stones are looking at
a deal with concert promoter Live Nation that would also cover the
release of their CDs. The deal is similar to the one Madonna signed in
2007.
Now I’m told that at least two more big acts are in talks with Live
Nation along similar lines. The most surprising of these is U2, which
has spent its entire career on either Island Records or a company
connected to it, Interscope. They are all part of the Universal Music
Group.
But times are changing quickly in what’s left of the music business,
and U2 is said to be wanting out. If they go with Live Nation, their
exit from UMG will be a blow to all, including Doug Morris and Jimmy
Iovine, the group’s principal contacts.
My sources say the group’s most recent release, 2004’s “How to
Dismantle an Atomic Bomb,” fulfilled their Interscope contract. UMG
also released a remastered version of the group’s seminal album, “The
Joshua Tree,” recently. That also may have concluded the contract.”
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