Oasis Sign New Deal With Sony BMG

Oasis Sign New Deal With Sony BMG
After releasing their last three albums on their own (well, with some help on the distribution side of things), Oasis are stepping up to the major labels again after signing a deal with Sony BMG.

The deal will see the British superstars release three albums in partnership with the label, the first of which should be hitting shelves later this year. Oasis releases will still be stamped with their own Big Brother Recordings label, which was brought under BMG in a profit-sharing agreement under the deal.

Alec McKinlay of Oasis’ management commented, "This is an imaginative and exciting arrangement which will allow Big Brother to team up with the creme 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."

Sony BMG seems equally excited about the venture, with the company’s Chief Executive Ged Doherty stating, "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."

The deal will also see the major label pick up distribution for Oasis’ hit-heavy back-catalogue.