Oasis Opt To Stick With Sony BMG

Oasis have struck a new long term deal with Sony BMG Entertainment, via their own independent record label, Big Brother Recordings.

The deal incorporates the bands next three studio albums and the distribution and marketing of their existing catalogue.

The nature of the deal means Oasis recorded product, new and existing, will be released on Big Brother in all major markets worldwide under a profit share arrangement with Sony BMG.

Ignition management’s Alec McKinlay brokered the deal with Sony BMG and says he hopesit will provide more flexibility to react to new business opportunities with recorded music .He says, “This is an imaginative and exciting arrangement, which will allow Big Brother to team up with the crème of both the independent and major sectors worldwide to build on Oasis already considerable international success. This allows the band to take advantage of all the opportunities presented by the new business models available today as well as remaining totally in control of their own destiny. We are really pleased that Sony BMG have demonstrated the foresight and courage to engage with the band in this way.”

Over the course of their career Oasis have sold nearly 50m albums worldwide and have received 151 platinum awards. Since 2000 all releases have come out on their own, independently run label Big Brother Recordings in the UK, amassing over 4m sales. The band's seventh studio album is due out later this year.

Sony BMG UK chairman and ceo Ged Doherty is delighted with the deal. He says, “Oasis are in complete control of their destiny and could have chosen to sign with anyone - or even go it alone - so I am delighted that they have chosen to continue to work with us. In addition this new arrangement will empower Big Brother to market and release not only the new albums but also the historic catalogue in many other countries of the world so that they can replicate the unparalleled sales and marketing record they have in the UK.”

Source: www.musicweek.com