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. “The current state of the industry challenges us to conceive innovative approaches in music,” Moore said. “It is, therefore, especially exciting to be part of a venture in which artistic freedom is encouraged. I am thrilled by the opportunity to join forces with The Firm, as well as with those I’ve trusted throughout the years.” Read more.
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