Metallica switch labels...
Published May 20, 2004
CMU reports the following:
With the axe already swinging over the roster at recently merged US Warner division Atlantic Elektra, Metallica's management have confirmed that the seminal rock band have switched allegiances within the major to Warner Bros.
Although no official reason has been given for the switch it is unlikely the band was among those being lined up to be dropped. However with most of the Elektra top guard axed in the merger (which many felt was a takeover of Elektra by Atlantic) it is likely the band no longer felt any allegiances to the division and would rather work with a label with less pending instability.
How they pulled off the switch is also being speculated in industry circles. Rumours say management threatened to postpone the delivery of the band's next album if such an internal move could not be facilitated. Given they make much more money on touring and merchandise than recording, getting Metallica back in the studio is going to be more important to the label than the band. Whether the band and their management had to make any concessions to secure the move - most likely extending the current contract in terms of albums to be delivered - is also as yet unclear.
Meanwhile lesser known artists on Atlantic-Elektra await news on who will fall victim to a cull that is expected to cut the labels' combined roster by 50%. Those on Elektra will be particularly interested to see if the roster cull - like the appointment of top guard at the merged division - tips very much in Atlantic's favour.
- Metallica switch labels...
- Published: May 20, 2004
- Type:
- Section: Music
- Filed Under: Music: News
- Writer: Marty Dodge
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Didnt these guys stop being 'in' in the late 90's? And I enjoy the fact that they make more on concerts then studio work. heh. poor Napster :/