Radiohead are reportedly close to signing a unique record deal with the UK based record label XL.
According to the New York Times, the label would distribute the bands new album ‘In Rainbows’ internationally, while the band would retain the ownership of the recording.
The licensing deal with XL – who also released Radiohead frontman Thom Yorke’s solo record ‘The Eraser’ last year – would last for “a specific period of time.”
The paper also claims that the band are close to signing a similar deal with US based label ATO Records in order to distribute the album across the United States.
As we exclusively revealed, Radiohead sold 1.2 million copies of ‘In Rainbows’ on the first day of its release on October 10th via download alone.
Allowing fans to choose the price they paid for the album, the album has already been heralded as a pioneering new way of selling music.
Meanwhile, a discbox version of the album will be released on December 3rd priced £40.