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.