Will rocker Bowie follow other Kent music legends and leave EMI?
PUBLISHED: 15:19 23 January 2008 | UPDATED: 11:29 01 July 2010
MUSIC moguls are debating whether David Bowie will become embroiled record giant EMI s ongoing battle with pop superstars.
MUSIC moguls are debating whether David Bowie will become embroiled record giant EMI's ongoing battle with pop superstars.
Rumours are circulating in showbiz that owner of EMI, Guy Hands, is bidding to buy Chrysalis a large independent label which owns the rights to many of Bowie's earlier hits.
A recent report in a national newspaper alleged that Sevenoaks financier Guy Hands is bidding to buy Chrysalis.
The rumour, on which EMI refused to comment, caused shares in Chrysalis to briefly jump by 10 per cent.
But former Bromley-boy Bowie could find himself joining his fellow rockers the Rolling Stones by snubbing the record giant.
The Stones have become the latest artists to rock the record label EMI by announcing a deal with a rival company.
The Dartford-born band's deal was made last Thursday for the soundtrack to the upcoming Scorsese film, Shine a Light.
The one-off contract has fuelled speculation that EMI is crashing in popularity amongst artists after being taken over by the private equity firm Terra Firma last year.
Artists are concerned that EMI wants more of the revenue traditionally reserved by them to make up for the plummet in CD sales.
The band's agreement with Universal adds to EMI's list of problems which include the loss of Radiohead from its books and threats of strike action from Robbie William's manager.
EMI signings Coldplay and Sir Paul McCartney are also rumoured to be considering their contract options.
A spokesman for The Rolling Stones said: "The band are looking forward to working with Universal Music and are excited about this new venture."
The Rolling Stones, who were formed by Mick Jagger and Keith Richards, both from Dartford, have been signed to EMI for 16 years.
Their agreement comes after a record-breaking world tour that ended in Greenwich's O2 Arena.