Linkin & Warner Make Up
WMG will keep rights to Linkin Park’s next four albums and has an option for a fifth, sources told the Los Angeles Times.
The quiet period going into WMG’s $750 million Initial Public Offering was disrupted in May by a Linkin Park press release where the band and its management,
Linkin Park said it was frustrated because of the $1.4 billion the IPO was planning to take in, only $7 million was earmarked for WMG operations.
On the other side, insiders claimed the multiplatinum group was asking for an unrealistic $60 million advance and a 50/50 split. WMG dismissed the press release at the time as a ploy to manipulate the ongoing contract negotiations.