Linkin Park Can Get Back To Making Music After Settling Label Dispute

[o0SugaxNxSpice0o]

A little update on the new album.

 

"Linkin Park scored a $15 million advance on a new album expected in mid-2006.

 

Linkin Park's confidence in Warner Bros. Records has been restored. The band, who last year angrily demanded a release from its contract with the label, has re-signed with Warner and is expected to release the first album in the new deal by the middle of next year.

 

According to a report in The New York Times, the band reached a deal last week with Warner that will pay an estimated $15 million advance on its next album and gives the label an option for up to five more albums from the group, one more than was called for in their original contract. The deal also calls for the band's royalty rate to be bumped up to an estimated 20 percent, which nudges the multi-platinum six-member group nearer to the upper echelon in that category.

 

Neither the label nor the band would comment to the Times on the contract (and neither could be reached by MTV News at press time), but in a joint statement said, "We would like to thank Linkin Park fans worldwide for their continued support. Despite initial concerns after last year's change in ownership, the band is pleased with the direction of the company and in Warner Brothers Records' ability to effectively market their music worldwide under the leadership of [label chairman] Tom Whalley."

 

The band's feud began in April, when its representatives sent a letter to Warner seeking a cut of the label's upcoming initial stock offering, according to the Times. Warner said no artists would receive any stock proceeds, but the label was open to discussing the band's deal.

 

Talks broke down, and in May, Linkin Park demanded a release from its contract after intense negotiations with the label collapsed on the eve of the stock sale. The group said in its statement that the cutbacks expected before the IPO would make the company too weak to promote Linkin Park's album and might result in "a failure to live up to W.M.G.'s fiduciary responsibility" to market the band's music. The statement alleged that while the stock offering meant Warner's owners would be "reaping a windfall," the band said, "Linkin Park, their biggest act, will get nothing."

 

At the time, Warner executives chalked the band's complaints up to what they said was a time-honored negotiating ploy to get a more lucrative deal, one employed in the past by such artists as the Dixie Chicks, Beck and Incubus. The group's members have kept busy during the talks, with Mike Shinoda recently releasing The Rising Tied, the debut album from his hip-hop side-project, Fort Minor (see "Linkin Park MC Gets Director With Flair For Video With Flares"), and singer Chester Bennington recording his first solo track for the upcoming soundtrack to "Underworld: Evolution."

 

— Gil Kaufman"

 

Thanks to MTV for the news article!

 

Sounds good, $15 million huh? That's a lotta money:D The article says up to 5 more albums from the band:D I hope they accept that deal!

[azemkamikaze03]

screams like a yittish catholik school girl

 

mid next yr...around ym bdya...yayness

[burning monk]

Can't bloody wait!!

[Black_Angel]

Yayness! Thanks for that ^__^

[yoh asakura4]

Finally they havnt made a linkin park album in a while

[Ravynlee]

Thanks for that. Glad to have more reputable word on the direction the band is headed rather than ten million versions of the one rumour.

Thanks! :thumbsup:

[Clogz]

Neither the label nor the band would comment to the Times on the contract (and neither could be reached by MTV News at press time)' date=' but in a joint statement said, [u']"We would like to thank Linkin Park fans worldwide for their continued support. Despite initial concerns after last year's change in ownership, the band is pleased with the direction of the company and in Warner Brothers Records' ability to effectively market their music worldwide under the leadership of [label chairman] Tom Whalley."[/u]

 

Well...wow.

We would like to thank Linkin Park fans worldwide for their continued support.

 

[We would like to thank our fans for supporting our fight against the man and putting our side projects on the charts].

 

Despite initial concerns after last year's change in ownership, the band is pleased with the direction of the company and in Warner Brothers Records' ability to effectivily market thier music worldwide under the leadership of (label chairman) Tom Whalley.

 

[Despite the fact they wouldn't give us enough money to pick up our instruments and after a mild smear campaign and the success of our side projects, they have decide to give a huge amount of money. Knowing that we have the new guy whipped, we are happy and know they will effectivily market our music to the world. And even if we don't, we got a huge bag of money.]

 

While I am exxagerating as a joke...I'm trying to make a point at the same time. Even though they won, I could be listening to that next LP album right now if they hadn't done this...and that makes me angry. Is that selfish? Yes. But so are they, and it really payed off for them.

 

This new album had better come out, pronto.

[UnhingedMouse0]

Woah, Im pretty much with Clogz on this one. I enjoyed that analysis of the article and agree with it. Hopefully this album comes out sooner than we expect and hopefully it blows us all away.

 

Again, nice find Jen! :thumbsup:

[azemkamikaze03]

When I was reading it, I kind of thought of the same thing. It's kind of a greed factor, but i thought I read somewhere else that there was more to it than just them wanting more cash. So i just left it as it is

[naoyamt LP ROX]

cant wait

 

IvE bEEn wAItin 4 tHIs 4 YeARz!!!

I CaNT WAit aNYmOre!

[misspiggy]

HELL YEAH!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[yunia bourdon]

Hi....rob You Make Me Crazy.......but I Love You Honey:):

[Pheonix791989]

well yunia, you sure do seem to have four spam filledpost. try not to do that ok? it anoys members

[acdcrules04]

Hi....rob You Make Me Crazy.......but I Love You Honey:):

 

You realize this isn't the offical forum. He isn't here, and if he was, it would kind of suck, because then a bunch of teeny boppers would come here and stink the place up. Kinda like you, hmmm....

[woodyloveslinkin]

better be a good album.

[4everLP_Shinoda]

Wow those are awesome news!!!I´m looking foward to hear their new album!!

Nice job Jen :thumbsup:

[Hahninator]

Well...wow.

We would like to thank Linkin Park fans worldwide for their continued support.

 

[We would like to thank our fans for supporting our fight against the man and putting our side projects on the charts].

 

Despite initial concerns after last year's change in ownership, the band is pleased with the direction of the company and in Warner Brothers Records' ability to effectivily market thier music worldwide under the leadership of (label chairman) Tom Whalley.

 

[Despite the fact they wouldn't give us enough money to pick up our instruments and after a mild smear campaign and the success of our side projects, they have decide to give a huge amount of money. Knowing that we have the new guy whipped, we are happy and know they will effectivily market our music to the world. And even if we don't, we got a huge bag of money.]

 

While I am exxagerating as a joke...I'm trying to make a point at the same time. Even though they won, I could be listening to that next LP album right now if they hadn't done this...and that makes me angry. Is that selfish? Yes. But so are they, and it really payed off for them.

 

This new album had better come out, pronto.

 

god damn clogz I couldn't have said it better. LMAO. you rock thats another rep for you. your post is the best of 2006 so far :O