Monday, January 25, 2010

Kings of Leon strike new record deal

Kings of Leon strike new record deal

Kings of Leon are to pay to make records.

The 'Sex On Fire’ rockers have left their label Columbia Records and negotiated a new deal with Warner Brothers, which will see them pay half their recording costs themselves, giving them more control on their own spending and reaping in a bigger profit share.

Under normal record deals, artists are given an advance by their label to cover any costs, but they then have to pay it back and share any profits from their work with the record company.

A source told The Sun newspaper: 'Kings of Leon are one of the few bands on the planet who have enough heft to negotiate such a favourable deal.

"It is virtually unheard of but it shows how keen Warner Brothers were to have them on their books.'

Meanwhile, the group are set to gain further revenue by releasing their own clothing range.

The KOLxS2A brand will hit shops this month, and comes with a hefty price tag.

The group’s trademarked leather jacket will cost £739, while a T-shirt sells for £71, a checked lumberjack shirt costs £112, boots a staggering £361, and bandanas retail at £65.

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