John J. Hlavaty ([email protected])
Mon, 31 Aug 1998 19:44:28 +0000
> In one of the U2 books, isn't it mentioned that instead of getting
> paid when Island was cash poor years ago, didn't U2 accept stock, shares,
> or some similar interest years ago in Island Records? Did that change?
> So, despite Blackwell having left, they may still have a vested
> interest in seeing the Island label not crushed in the Seagram's
That may be, but I thought that U2 sold their share of Island
stock in 1989. Therefore, financially, I don't know how
much U2 still have invested in Island.
However, on a moral or even emotional level, things may be
different. If U2 can pull Island away from Seagram and restore
it under Blackwell's leadership (if such a thing is possible),
I think that would be ideal. We need more labels that are
willing to take a chance on their artists and let them
"struggle" a bit before finding their audience. The world
is already too full of one hit wonders or "instant success"
type of groups. These groups ultimately hurt creativity more
than promote it.
This archive was generated by hypermail 2.0b2 on Mon Aug 31 1998 - 16:44:24 PDT