Joss Stone reportedly 'has completely lost faith in EMI' and so wants to split from the label by buying herself out of her contract for 2 million dollars.
- Jun 2, 2009
AceShowbiz - Joss Stone no longer has interest to continue working with EMI as the soul/R&B singer reportedly wants to pay 2 million dollars to split from the giant recording company. In addition to the buyout, she is also willing to give up 800,000 pounds due for her forthcoming album "Colour Me Free".
"Joss has completely lost faith in EMI," an insider opens up the matter to The Daily Mail. "It's all pie charts and products and there's no creativity. She has no working relationship with them and no confidence they will support her or market her album properly."
"She's actually prepared to pay $2million for her freedom - that's how bad it is. She wants to give back this money from her advance to EMI so that she can get out of the deal. Then she'll release the album some other way."
In response to her offer, EMI reportedly takes a legal action, accusing her for a breach of contract because she allegedly has failed to deliver master tapes of the new album. "Joss has already agreed to pay back the money and forgo another 800,000 [pounds] she would receive for delivering the album. But instead of signing the deal, EMI has started this lawsuit," another source shares.
Joss Stone is not the only singer who tries to walk out of EMI. Previously, The Rolling Stones, Supergrass and Radiohead have left the company since it was taken over by private equity firm Terra Firma in 2007. The company's policy which "embarked on a major cost-cutting drive after profits dived as music fans turned to the Internet" reportedly had made them uncomfortable.
