The Firm announced Wednesday it is launching a new artist-friendly music company, with records to be distributed by EMI Music in the U.S. and licensed for territories around the globe. The new music company will take the unprecedented step of splitting all profits with the artists signed to the venture rather than the traditional royalty structure. Multi-platinum recording artist and actress Mandy Moore and rock group Army of Anyone, featuring former members of Filter and Stone Temple Pilots, are the first to sign to the company. “We are so excited to be a part of the building of a new business model. We have been looking for a way to regain some artistic control, and we feel by partnering with The Firm, we are truly betting on ourselves and our team. For the first time in our career, we are in control of our own destiny.” The story at prnewswire.com has since been removed.
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