London (ANI): Rockers Queen are set to part ways from their
longtime record label EMI, it has emerged. Queen, which has been
with EMI for almost four decades and sold an estimated 300 million
albums through the label, are said to be in talks with rival
company Universal to sign a multi-million pound deal when their
contract with EMI expires at the end of this year.
"EMI just decided they couldn't compete. It was too much to pay
and they want to spend that money on developing new talent," the
Daily Express quoted a source as telling The Times.
After private equity firm Terra Firma took over EMI in 2007, the
label has lost many top artists including bands such as The Rolling
Stones, Supergrass and Radiohead.