Davey Boy writes:
There is a really big picture of Morrissey in the Financial Times today Saturday, June 5th, page 9. The caption below the picture, which is related to an article on the potential sale of Sanctuary, reads "Sanctuary, which holds the rights for artists including Morrissey, has had cash-flow problems." Am I mistaken or didn't Morrissey say he is no longer under contract?
I find the picture interesting because, other than the Wall Street Journal, the Financial Times is one of the most widely read world news/business newspapers in the world. Its a great picture, too!
Unfortunately, I don't think you can view the picture on line unless you have a subscription to the newspaper.
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charles byron also writes:
The future of the firm, which is also the world's largest independent record label, has been the subject of intense speculation for some time and it is believed to have been approached by a number of private equity groups as well as major music labels over the past year...
News of the approach comes as Sanctuary is locked in a tussle with one of its stars, the former Smiths frontman Morrissey. He recently berated the company for erroneously saying he would play at the Isle of Wight festival this summer, adding, on a fan website, that his contract with the company "ended last year and hasn't been renewed", and "there will be a new signing for the new album".