Joss Stone offers to pay £2m to escape EMI
For EMI, things just go from bad to worse. Joss Stone has offered to forfeit as much as £2m to escape her record contract, according to reports. The singer is allegedly desperate to leave the label after having released just one album out of a £7.5m four-album deal.
This is the latest blow to EMI, which has seen big-name stars such as Radiohead and Paul McCartney leave in recent years. In 2007, private equity firm Terra Firma, led by Guy Hands, bought EMI, a move that was criticised by many artists, including Lily Allen.
Tags: EMI, Guy Hands, Joss Stone, Lily Allen, Terra Firma
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good luck to her!
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